TVA Group Inc.
TSX : TVA.NV.B

TVA Group Inc.

July 06, 2005 08:08 ET

TVA Group Inc. Announces Final Results of Substantial Issuer Bid

MONTREAL, QUEBEC--(CCNMatthews - July 6, 2005) - TVA Group Inc. (TSX:TVA.NV.B) today announced the final results of its offer dated May 19, 2005 to purchase for cancellation a total of 3,500,000 participating Class B non-voting shares.

Based on final reports on the response to its offer to purchase participating Class B non-voting shares, the number of participating Class B non-voting shares that will be taken up by the Company at the purchase price of $22.00 per participating Class B non-voting share is 3,449,199. Payment for participating Class B non-voting shares validly deposited and taken up by the Company for repurchase and cancellation will be made by July 8, 2005.

The participating Class B non-voting shares to be repurchased for cancellation comprise approximately 13.16% of the outstanding participating Class B non-voting shares of the Company before giving effect to the repurchase. After giving effect to the repurchase, there will remain outstanding 22,754,448 participating Class B non-voting shares.

TVA Group

TVA Group is an integrated communications company involved in television, production and distribution of audiovisual products, and in magazine publishing. TVA Group is North America's largest private producer and distributor of French-language entertainment, information and public affairs programming, and its largest publisher of French-language magazines. TVA Group's Class B shares are listed on the Toronto Stock Exchange under the ticker symbol TVA.NV.B.

Contact Information

  • TVA Group Inc.
    Paul Buron
    Senior Vice President and Chief Financial Officer
    (514) 598-2808