MONTREAL, May 19, 2021 /CNW Telbec/ - Quebecor Inc.
received approval from the Toronto Stock Exchange to amend its
normal course issuer bid (« NCIB ») in order to increase
the maximum number of Class B Subordinate Voting Shares (the
« Class B Shares ») that may be repurchased, being
6,000,000 Class B Shares, representing 3.5% of the 173,422,307
Class B Shares issued and outstanding as of July 31, 2020 (the reference date for the NCIB),
to 7,500,000 Class B Shares, representing approximately 4.3% of the
Class B Shares issued and outstanding on the reference date. No
other terms of the NCIB have been amended.
Purchases under the NCIB began on August
15, 2020, will end no later than August 14, 2021, and are made through the
facilities of the Toronto Stock Exchange in accordance with its
requirements, or other alternative trading systems. Under its
current NCIB, as of May 14, 2021, the
Corporation has repurchased 5,329,450 Class B Shares, at a
weighted-average price of $32.4647.
About Quebecor
Quebecor, a Canadian leader in telecommunications,
entertainment, news media and culture, is one of the
best-performing integrated communications companies in the
industry. Driven by their determination to deliver the best
possible customer experience, all of Quebecor's subsidiaries and
brands are differentiated by their high-quality, multiplatform,
convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec and
employs more than 10,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports more
than 400 organizations in the vital fields of culture, health,
education, the environment, and entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/Quebecor
SOURCE Quebecor