GROUPE VIDEOTRON LTEE PURCHASES ADDITIONAL SHARES IN TELE-METROPOLE INC.MONTREAL--(BUSINESS WIRE)--June 13, 1995--GROUPE VIDEOTRON (ME, VSE See DOS/VSE. VSE - Virtual Storage Extended : VDO VDO Vereinigte DEUTA-Ota (Villingen, Germany; gauge manufacturer founded 1929) VDO Varus Derotation Osteotomy VDO Very Distant Object(s) VDO Voltage Drop-Out VDO Video Data Organization ) Le Groupe Videotron Ltee announces that it has purchased 200,000 Category B non-voting shares of Tele-metropole. The purchase price per share was $10.50 and was made on the Montreal Stock Exchange Montreal Stock Exchange See Bourse de Montreal, Inc. (Canadian Derivatives Exchange) . As a result of this purchase, Groupe Videotron's equity position in Tele-Metropole is the following: 1,437,443 or 99.82 p.cent of Category A voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. and 2,046,550 or 31.15 p.cent or Category B non-voting shares, which brings its total investment position in Tele-Metropole from 41 p.cent to 43.49 p.cent. This acquisition was motivated by the current affordable price of Tele-Metropole's shares on the market and by the fact that the broadcaster's results show progress and signs of a firm recovery. Le Groupe Videotron Ltee is an international telecommunications company See telecom company. which is active in cable television, telephone services and interactive multimedia services. The Company has several subsidiaries active in Canada, mainly in cable television and television broadcasting. It develops and operates cable television and telephone markets in England and recently entered the American market in wireless cable television and private cable television. Its technological know-how and experience acquired with the Videoway multimedia system enables it to play a leading role in the development of the information highway. CONTACT: Alain Michel Senior Vice President and Chief Financial Officer 514/985-8857 514985-8431 (fax) INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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