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Montreal, November 15, 2006
– Transcontinental Inc. has been authorized to purchase
for cancellation on the open market, between November 21,
2006 and November 20, 2007, up to 3,448,698 of its Class A
Subordinate Voting Shares, representing 5% of the 68,973,966
issued and outstanding Class A Subordinate Voting Shares as
of November 7, 2006, and up to 852,907 of its Class B Shares,
representing 5% of the 17,058,145 issued and outstanding Class
B Shares as of November 7, 2006. The purchases will be made
in the normal course of business at market prices through
the facilities of the Toronto Stock Exchange in accordance
with the requirements of the exchange. Transcontinental Inc.
has purchased 2,910,200 Class A Subordinate Voting Shares
and 639,651 Class B Shares in the past twelve months ended
November 7, 2006.
The Corporation has determined that the purchase of its Class
A Subordinate Voting Shares and Class B Shares will allow
it to optimize its capital structure and to create long-term
value for shareholders.
Profile
The largest printer in Canada and seventh-largest in North
America, Transcontinental also ranks as the country’s
leading publisher of consumer magazines and French-language
educational resources, and its second-largest community newspaper
publisher. Transcontinental distinguishes itself by creating
strategic partnerships that integrate the company into its
customers’ value chain, notably through its unique newspaper
printing outsourcing model and its value-added services. From
mass to highly personalized marketing, the company offers
its clients integrated solutions which include a continent-leading
direct marketing offering, a diverse digital platform and
a door-to-door distribution network of advertising material.
Transcontinental is a company whose values, including respect,
innovation and integrity, are central to its operation.
Transcontinental (TSX: TCL.A, TCL.B) has more than 14,000
employees in Canada, the United States and Mexico, and reported
revenues of C$2.2 billion in 2005.
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For Information:
Media
Jake Brennan
Media Relations Coordinator
Transcontinental Inc.
Telephone: (514) 954-4000
jake.brennan@transcontinental.ca
Financial Community
Stéphane Milot
Director, Investor Relations and
External Communications
Transcontinental Inc.
Telephone: (514) 954-2821
stephane.milot@transcontinental.ca
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