TORONTO, Oct. 19 /CNW/ - PLM Group Ltd. today announced that effective
October 17, 2007, Messrs. David J. Stuart, George D. Elliott, Robert C. Flynn,
Donald J. MacDonald, William H. Sears, James A. Dawson and Roderick W.
McGregor resigned from the Board of Directors of PLM and Messrs. Luc
Desjardins, Francois Olivier, Benoit Huard and Guy Manuel, each from
Transcontinental Inc., were appointed to the Board of Directors of PLM to
serve as directors together with Barry N. Pike, Bruce L. Jackson and G.
Kingsley Ward, Sr. who continue to serve as directors of PLM.
Transcontinental and PLM previously announced on October 17, 2007 that
approximately 97.91% of the issued and outstanding shares of PLM had been
validly tendered under the Transcontinental offer dated September 10, 2007 to
purchase all of the common shares of PLM at a price of C$3.50 per share and
that Transcontinental had instructed the Depositary, Computershare Investor
Services Inc., to take up and pay for all of the PLM common shares deposited
under the offer. PLM has been advised by Transcontinental that it has
delivered a notice of compulsory acquisition to acquire the remaining 2.09% of
the issued and outstanding shares of PLM not secured under the
The largest printer in Canada and sixth-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 advertising material distribution network. 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 14,500
employees in Canada, the United States and Mexico, and reported revenues of
C$2.3 billion in 2006.
About PLM Group
PLM Group Ltd. (TSX: PGL) is one of Canada's largest commercial printers
providing single source web and sheet-fed print, visual, graphics and display
services to leading companies in a number of industries, including retail,
consumer products, financial services, automotive, pharmaceutical, healthcare
and communications. Visit the Company's web site at www.plmgroup.com.
For further information:
For further information: David J. Stuart, President and C.O.O., PLM
Group Ltd., Telephone: (416) 848-8520, www.plmgroup.com; Peter A. Bradley,
C.A., Executive Vice President and Chief Financial Officer, PLM Group Ltd.,
Telephone: (416) 848-8530, email@example.com