Quebecor Inc. amends its normal course issuer bid
b"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 ClassB 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.
- b"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 ClassB 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.\nPurchases 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 5,329,450Class B Shares, at a weighted-average price of $32.4647.\nQuebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry.
- Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment, and entrepreneurship.\n"