BCE Files Notice Of Normal Course Issuer Bid.MONTREAL--(BUSINESS WIRE)--Oct. 24, 1996--BCE BCE - Bachelor of Chemical Engineering (degree) BCE - Bachelor of Civil Engineering (degree) BCE - Before the Common Era (substitute for BC) BCE - Back Country Excursions BCE - Backup Control Electronics BCE - Badminton Club Eupen BCE - Bamenyam (SIL code, Cameroon) BCE - Banco Central del Ecuador BCE - Banco Central Europeo BCE - Banco Central Europeu BCE - Banque Central Européenne BCE - Base Civil Engineer BCE - Base Commercial Equipment INC. (ME, TSE, VSE, NYSE: BCE) -- BCE Inc. today received acceptance from the Montreal Exchange and The Toronto Stock Exchange of its notice of intention to make a Normal Course Issuer Bid. The filing of the notice allows BCE to repurchase for cancellation up to 5,000,000 (approximately 1.6 per cent) of its common shares outstanding. As of September 30, 1996, there were 317,355,154 common shares outstanding. Repurchase of the shares would be carried out through the Montreal and Toronto exchanges. Under the issuer bid, BCE may purchase its common shares to lessen the effect of dilution when additional common shares are issued through any of its employee or shareholder plans or other share issues. Repurchase of common shares could be made from time to time, at market prices, during the period starting October 30, 1996, and ending no later than October 29, 1997. BCE is Canada's largest telecommunications company. Its common shares are listed on stock exchanges in Canada, the United States and Europe. CONTACT: BCE Inc. Don Doucette, 514/ 397-7192 E-Mail: bcecomms@bce.ca Internet: http://www.bce.ca/ INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com |
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