Quebecor World Announces Normal Course Issuer Bid.MONTREAL -- The Board of Directors of Quebecor World Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :IQW.SV)(NYSE NYSE See: New York Stock Exchange :IQW), subject to the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. approval, has authorized a normal course issuer bid for a maximum of 7,300,000 Subordinate 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. , representing approximately 9.95% of the public float for the Subordinate Voting Shares, which constituted 73,375,827 Subordinate Voting Shares as of April 29, 2005. The purchases will be made at prevailing market prices, on the open market through the facilities of the Toronto Stock Exchange during a twelve-month period (from May 13, 2005 to May 12, 2006) and will be made in accordance with the requirements of said Exchange. All shares purchased will be cancelled. As of April 29, 2005, there were 86,139,396 Subordinate Voting Shares and 46,987,120 Multiple Voting Noun 1. multiple voting - the act of voting in more than one place by the same person at the same election (illegal in U.S.) balloting, vote, voting, ballot - a choice that is made by counting the number of people in favor of each alternative; "there were only 17 Shares of Quebecor World issued and outstanding. Quebecor World believes that the repurchase of these Subordinate Voting Shares, pursuant to this normal course issuer bid, is in the best interest of Quebecor World and its shareholders. During the last twelve months, Quebecor World has not purchased any Subordinate Voting Shares. Quebecor World Inc. (NYSE:IQW, TSX:IQW.SV) is one of the largest commercial printers in the world. It is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, specialty printing and direct mail, directories, digital pre-media, logistics, mail list technologies and other value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services. The Company has approximately 35,000 employees working in more than 160 printing and related facilities in the United States, Canada, Brazil, France, the United Kingdom, Belgium, Spain, Austria, Sweden, Switzerland, Finland, Chile, Argentina, Peru, Colombia, Mexico and India. Web address: www.quebecorworld.com Quebecor World Inc. (TSX:IQW.SV) (NYSE:IQW) |
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