QUEBECOR ANNOUNCES FILING OF A FINAL SHORT FORM PROSPECTUS ISSUE OF 3,000,000 CLASS B SUBORDINATE VOTING SHARES
QUEBECOR ANNOUNCES FILING OF A FINAL SHORT FORM PROSPECTUS
ISSUE OF 3,000,000 CLASS B SUBORDINATE VOTING SHARES
MONTREAL, Nov. 12 /PRNewswire/ -- Quebecor Inc. announced that it has filed its final short form prospectus dated Nov. 12, 1991 with the Commission des valeurs mobilieres du Quebec and shall file it shortly with similar regulatory authorities in Canada, in respect of an issue of 3,000,000 Class B subordinate voting shares at a price of $20.30 per share.
The company has obtained an advance income tax ruling confirming that the Class B subordinate voting shares will qualify for inclusion in a Quebec stock savings plan under the provisions of the Taxation Act (Quebec) and will enable the holders thereof to a deduction equal to 50 percent of their acquisition cost if certain conditions are met.
The offering shall be made through an underwriting syndicate led by ScotiaMcLeod Inc. and including Nesbitt Thomson Limited, Levesque Beaubien Geoffrion Inc., RBC Dominion Securities Ltd. and Sanwa McCarthy Securities Limited.
Quebecor Inc., a continent wide communications company, is active in the publishing sector with 4 dailies, 50 weeklies, 7 monthlies, 11 magazines and numerous specials as well as books. It is also involved in publications and records distribution and retail. With its 56 printing and specialized plants across Canada and the United States, the company is the second largest commercial printer in North America. Through its subsidiary Mircor Inc., its activities also comprise forest products.
/CONTACT: Franois R. Roy, vice president-finance and treasurer of Quebecor, 514-877-9777/ CO: Quebecor Inc. ST: Quebec IN: PUB SU: OFR JT -- NY098 -- 3692 11/12/91 18:27 EST