MONTREAL, Dec. 7 /CNW Telbec/ - Mr. Paul G. Desmarais filed today a required notice of intention to distribute up to 8,000,000 Subordinate Voting Shares of Power Corporation of Canada held through a private company he controls. The possible share sales would be made for estate planning purposes. Any sales will be made within thirty days. If the share sales contemplated by the notice are completed, Mr. Desmarais, the Chairman of the Executive Committee of Power Corporation of Canada, will exercise, directly and through wholly owned holding corporations, control or direction over 48,603,392 Participating Preferred Shares and 63,825,142 Subordinate Voting Shares in the aggregate, representing 99.5% and 15.59%, respectively, of the outstanding shares of such classes and 61.24% of the votes attached to the outstanding voting shares of Power Corporation of Canada.
For further information: For further information:
Contact: Mr. Guy Fortin
Tel: (514) 281-3371