|
Montreal (Québec), September 10, 2009 – Transcontinental
Inc. announced today the filing with securities regulators
in each of the provinces of Canada of a preliminary short
form base shelf prospectus relating to debt securities and
preferred shares for aggregate proceeds of up to $500 million.
These securities may be offered from time to time, during
a 25-month period for which the short form base shelf prospectus
remains valid.
Unless otherwise specified in a Prospectus Supplement, Transcontinental
may issue securities under this prospectus for general corporate
purposes, which may include the repayment of indebtedness
and the financing of acquisitions and investments provided
market conditions are favourable.
This news release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be
any sale or any acceptance of an offer to buy these securities
in any province or territory of Canada in which such offer,
solicitation or sale would be unlawful prior to qualification
under securities laws of any such province or territory. The
securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933,
as amended, or any state securities laws and may not be offered,
sold or delivered within the United States of America and
its territories and possessions except in certain transactions
exempt from such registration requirements. The preliminary
short form base shelf prospectus contains important information
concerning these securities and is available on SEDAR at www.sedar.com.
In the context of the filing of its preliminary short form
base shelf prospectus which includes by reference its audited
consolidated financial statements for the year ended October
31, 2008, the Corporation was required to refile these financial
statements as a result of the revision of the segmented information
to reflect the new organizational structure of the Corporation
implemented on November 1, 2008. This revision does not have
any impact on other financial information comprised in the
financial statements. As a result thereof, the Corporation
has amended and refiled its Management’s Discussion
and Analysis of the financial condition and results of operations
for the year ended October 31, 2008.
Given the revision, the following table sets forth the revised
revenues and percentage of revenues by operating sector reflecting
the new organizational structure of the Corporation for the
fiscal years ended October 31, 2008 and 2007 and should be
read as replacing the table shown on page 13 of the Corporation’s
Annual Information Form for the year ended October 31, 2008.
The Corporation has also refiled the French version of its
unaudited financial statements for the six month period ended
April 30, 2009 as certain references to the notes to the financial
statements were inadvertently omitted from the version filed
on SEDAR. This refiling does not have any impact on other
financial information comprised in the financial statements.
The Corporation’s Board of Directors, on the recommendation
of management, has concluded that it is necessary to refile
the Corporation’s audited consolidated financial statements
for the year ended October 31, 2008, the Management’s
Discussion and Analysis for the year ended October 31, 2008
as well as the French version of the unaudited interim consolidated
financial statements of the Corporation and the notes thereto
for the six-month period ended April 30, 2009. Therefore,
the Corporation’s financial statements as previously
published and filed for the year ended October 31, 2008, the
Management’s Discussion and Analysis as previously published
and filed for the year ended October 31, 2008 and the French
version of the unaudited interim consolidated financial statements
and the notes thereto as previously published and filed for
the six-month period ended April 30, 2009 should no longer
be relied upon.
About Transcontinental
Transcontinental provides printing, publishing and
marketing services that deliver exceptional value to its clients
along with a unique, integrated platform for them to reach
and retain their target audiences. Transcontinental is the
largest printer in Canada and the sixth largest in North America.
It is also Canada’s leading publisher of consumer magazines
and French-language educational resources as well as the country’s
second-largest community newspaper publisher. Transcontinental’s
digital platform delivers unique content through more than
120 websites. Its Marketing Communications Sector provides
advertising services and marketing products using new communications
platforms supported by database analytics, premedia, email
marketing, and custom communications. Transcontinental is
a growing Corporation with a culture of continuous improvement
and financial discipline, whose values, including respect,
innovation and integrity, are central to its operation.
Transcontinental (TSX: TCL.A, TCL.B) employs approximately
13,000 employees in Canada, the United States and Mexico,
and reported revenues of $2.4 billion in 2008. For more
information about the Corporation, please visit www.transcontinental.com.
-30-
For information:
Media
Maxim Labrie
Media Relations
Transcontinental Inc.
Telephone: 514 954-4176
maxim.labrie@transcontinental.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: 514 954 2821
jennifer.mccaughey@transcontinental.ca
|
