TVA Group Inc.: Notice of Intention to Make a Normal Course Issuer Bid
March 17 2009 - 10:12AM
Marketwired
The Board of Directors of TVA Group Inc. (the "Company")(TSX:
TVA.B), has authorized a normal course issuer bid for a maximum of
985,210 Class B non-voting shares without par value (the "Class B
Shares") representing approximately 5% of the issued and
outstanding Class B Shares.
The purchases will be made from March 19, 2009 to March 18,
2010, at prevailing market prices, on the open market through the
facilities of the Toronto Stock Exchange and will be made in
accordance with the requirements of said Exchange. All shares
purchased will be cancelled. As of March 13, 2009, 19,704,206 Class
B Shares were issued and outstanding.
The average daily trading volume of the Class B Shares of the
Company from September 1st, 2008 to February 27, 2009 has been
11,844 Class B Shares. Consequently, the Company will be authorized
to purchase a maximum of 2,961 Class B Shares during the same
trading day pursuant to its normal course issued bid.
The Company believes that the repurchase of these shares,
pursuant to this normal course issuer bid, is in the best interest
of the Company and its shareholders.
Within the past 12 months, the Company has repurchased a total
of 3,000,642 Class B Shares pursuant to a substantial issuer
bid.
Shareholders may obtain a copy of the Notice filed with the
Toronto Stock Exchange, without charge, by contacting the
Secretary's office of the Company at (514) 380-1963.
TVA Group Inc., a subsidiary of Quebecor Media Inc., is an
integrated communications company involved in television, the
production and distribution of audiovisual products, and in
magazine publishing. TVA Group is one of the largest private sector
producers and the largest private sector broadcaster of
French-language entertainment, information and public affairs
programming, and magazine publishing in North America. TVA also
operates SUN TV, a conventional station in Toronto. The Company's
Class B shares are listed on the Toronto Stock Exchange under the
ticker symbol TVA.B.
Contacts: TVA Group Inc. Denis Rozon, CA Vice-President and
Chief Financial Officer 514-598-2808
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