MONTREAL, March 29 /CNW Telbec/ - BMTC Group Inc. ("BMTC" or the "Company") (TSX: GBT.A) announces that it has received the regulatory approval for its previously announced 2 for 1 stock split of its Class A Subordinate Voting Shares and Class B Multiple Voting Shares. Each shareholder will receive, on or about April 9, 2010, one additional Class A Subordinate Voting Share for each such share held, and one additional Class B Multiple Voting Share for each such share held, on the record date for the stock split which will be the close of business on April 6, 2010. Pursuant to the rules of the Toronto Stock Exchange, BMTC's Class A Subordinate Shares will commence trading on a split basis at the opening of business on April 1, 2010, being the second trading day prior to the record date for the stock split.
BMTC Group inc., which Class A Subordinate Voting Shares are listed on the Toronto Stock Exchange, is an important retailer of furniture, electronic goods and household appliances in appliances in the areas of Montreal, Quebec City, Repentigny, Ste-Therese, Laval, Longueuil, Kirkland, St-Georges, Trois-Rivières, Sherbrooke, Chicoutimi, Rivière-du-Loup, Rimouski, Levis, Beauport, Ste-Foy, Gatineau, St-Hyacinthe, St-Jean-sur-le-Richelieu, Granby, Vaudreuil, Mascouche and St-Jérôme through its subsidiary Brault & Martineau and Ameublements Tanguay.
SOURCE BMTC Group Inc.
For further information: For further information: Mr. Yves Des Groseillers, Chairman, President and Chief Executive Officer, BMTC Group inc., (514) 648-5757