KINGSEY FALLS, QC, March 11 /CNW Telbec/ - Cascades Inc. ("Cascades")
announces that the Toronto Stock Exchange accepted its notice of intention to
begin a normal course issuer bid in respect of its Common Shares. Purchases
pursuant to the normal course issuer bid will commence on March 13, 2008 and
will not continue beyond March 12, 2009. The Common Shares purchased shall be
The notice will enable Cascades to acquire up to 4,946,517 Common Shares
which represents approximately 5% of the 98,930,351 issued, and outstanding
Common Shares as of March 7, 2008. During the last 12 months, Cascades
purchased 502,200 Common Shares at an average cost of $9.01.
The average daily trading volume of Cascades' Common Shares was 147,306
on the Toronto Stock Exchange over the last six completed calendar months (the
ADTV). Accordingly, Cascades is entitled to purchase up to 25% of the ADTV on
any trading day being 36,826 Common Shares.
All purchases will be made through the facilities of the Toronto Stock
Exchange in accordance with its requirements.
Cascades considers that the shares to be acquired may, from time to time,
be undervalued in the market and represent an excellent opportunity to enhance
For further information:
For further information: Mr. Christian Dubé, Vice-president and Chief
Financial Officer, Cascades Inc., (819) 363-5168, firstname.lastname@example.org;
Mr. Marc Jasmin, Director, Investor Relations, Cascades Inc., (514) 282-2681,
email@example.com; Source: Mr. Robert F. Hall, Vice-president Legal
Affairs and Corporate Secretary, Cascades Inc.