Transcontinental announces normal course issuer bid



    MONTREAL, Dec. 18 /CNW Telbec/ - Transcontinental Inc. has been
authorized to purchase for cancellation on the open market, between December
20, 2007 and December 19, 2008, up to 3 333 994 of its Class A Subordinate
Voting Shares, representing 5% of the 66 679 889 issued and outstanding
Class A Subordinate Voting Shares as of December 10, 2007, and up to 845 271
of its Class B Shares, representing 5% of the 16 905 432 issued and
outstanding Class B Shares as of December 10, 2007. The average daily trading
volume on the Toronto Stock Exchange of Class A Subordinate Voting Shares for
the past six months was 110 690 and the average daily trading volume on the
Toronto Stock Exchange of Class B Shares for the past six months was 397.
Accordingly, Transcontinental Inc. is entitled to purchase, when aggregated
with all other purchases during the same trading day, not more than 25% of the
average daily trading volume for the past six months on any trading day of
Class A Subordinate Voting Shares, being 27 672 Class A subordinate Voting
Shares and up to 1 000 Class B Shares. 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.
During the period from November 21, 2006 to November 20, 2007,
Transcontinental Inc. has purchased 2 342 500 Class A Subordinate Voting
Shares at an average price of $21.26 and 141 800 Class B Shares at an average
price of $21.64.
    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 sixth-largest in North America,
Transcontinental is 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 15,000 employees in
Canada, the United States and Mexico, and reported revenues of C$2.3 billion
in 2007.




For further information:

For further information: Media: Nessa Prendergast, Director, Media
Relations, Transcontinental Inc., (514) 954-2809,
nessa.prendergast@transcontinental.ca, www.transcontinental.com; Financial
Community: Jennifer F. McCaughey, Director, Investor Relations,
Transcontinental Inc., (514) 954-2821, jennifer.mccaughey@transcontinental.ca

Organization Profile

Transcontinental Inc.

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