QUEBECOR ANNOUNCES SUCCESSFUL COMPLETION OF THE PUBLIC OFFERING OF CLASS B SUBORDINATE VOTING SHARES
QUEBECOR ANNOUNCES SUCCESSFUL COMPLETION OF THE PUBLIC
OFFERING OF CLASS B SUBORDINATE VOTING SHARES
MONTREAL, Nov. 21 /PRNewswire/ -- Quebecor Inc. is pleased to announce that the public offering of 3,000,000 Class B subordinate voting shares of its capital stock has been successful. The net proceeds to the company of this public offering are in the amount of $58,464,000.
Quebecor Inc. has obtained the listing of these additional 3,000,000 Class B subordinate voting shares of its capital stock with the Montreal Exchange and the Toronto Stock Exchange as of the opening of the markets today.
Quebecor Inc., a continent wide communications company, is active in the publishing sector with 4 dailies, 50 weeklies, 6 monthlies, 11 magazines and numerous specials as well as books. It is also involved in publications and records distribution and retail. With its 55 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: Francois R. Roy, vice president-finance and treasurer of Quebecor, 514-877-9777/ CO: Quebecor Inc. ST: Quebec IN: SU: OFR SM -- NY032 -- 5796 11/21/91 10:26 EST