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Montreal, November 16, 2005 –
Transcontinental Inc. has been authorized to purchase for
cancellation on the open market, between November 21, 2005
and November 20, 2006, up to 887,015 of its Class B Shares,
representing 5% of the 17,740,294 issued and outstanding Class
B Shares as of November 11, 2005, and up to 3,578,325 of its
Class A Subordinate Voting Shares, representing 5% of the
71,566,506 issued and outstanding Class A Subordinate Voting
Shares as of November 11, 2005. 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 not purchased any of its Class B Shares or Class A Subordinate
Voting Shares in the past twelve months.
The Corporation has determined that the purchase of its Class
B Shares and Class A Subordinate Voting Shares will allow
it to optimize its capital structure and to create long-term
value for shareholders.
Profile
Transcontinental Inc. is the seventh largest printer in North
America and the fourth largest print media group in Canada.
Transcontinental is Canada's leading printer in the flyer,
book and newspaper niches, and a strong second in magazines,
catalogues and other commercial products. Through its Canadian
and U.S. direct marketing facilities, Transcontinental has
the geographic platform to cover the entire North American
market and is the top service provider for financial institutions.
Transcontinental is also Canada's leading publisher of consumer
magazines, the country's second largest publisher of community
newspapers, and a leader in the door-to-door distribution
of advertising material. Transcontinental is a company whose
values, including respect, innovation and integrity, are central
to its operation.
Transcontinental's shares are listed on the Toronto Stock
Exchange under the ticker symbols TCL.A and TCL.B. The
company has more than 14,000 employees in Canada, the United
States and Mexico, and reported revenues of C$2.05 billion
(US$1.7 billion) in 2004.
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For information:
Media
Jake Brennan
Media Relations Coordinator
Corporate Communications Department
Transcontinental Inc.
Telephone: (514) 954-4000
jake.brennan@transcontinental.ca
Financial Community
Stéphane Milot
Director, Public and Investor Relations
Transcontinental Inc.
Telephone: (514) 954-2821
stephane.milot@transcontinental.ca
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