TVA Group Inc.

TVA Group Inc.

March 17, 2011 10:27 ET

TVA Group Inc.: Notice of Intention to Make a Normal Course Issuer Bid

MONTREAL, QUEBEC--(Marketwire - March 17, 2011) - The Board of Directors of TVA Group Inc. (the "Corporation") (TSX:TVA.B), has authorized a normal course issuer bid for a maximum of 972,545 Class B non-voting shares without par value (the "Class B Shares") representing approximately 5% of the issued and outstanding Class B Shares.

The purchases will be made from March 21, 2011 to March 20, 2012, at prevailing market prices, on the open market through the facilities of the Toronto Stock Exchange and will be made in accordance with the requirements of said Exchange. All shares purchased will be cancelled. As of March 11, 2011, 19,450,906 Class B Shares were issued and outstanding.

The average daily trading volume of the Class B Shares of the Corporation from September 1st, 2010 to February 28, 2011 has been 5,945 Class B Shares. Consequently, the Corporation will be authorized to purchase a maximum of 1,486 Class B Shares during the same trading day pursuant to its normal course issued bid.

The Corporation believes that the repurchase of these shares, pursuant to this normal course issuer bid, is in the best interest of the Corporation and its shareholders.

Within the past 12 months, the Corporation has not repurchased any outstanding Class B Shares pursuant to its normal course issuer bid then in effect.

Shareholders may obtain a copy of the Notice filed with the Toronto Stock Exchange, without charge, by contacting the Secretary's office of the Corporation at (514) 380-1963.

Contact Information

  • TVA Group Inc.
    Denis Rozon, CA
    Vice-President and Chief Financial Officer