TVA Group Inc.

TVA Group Inc.

July 29, 2005 13:25 ET

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

MONTREAL, QUEBEC--(CCNMatthews - July 29, 2005) - The Board of Directors of TVA Group Inc. (TSX:TVA.NV.B)(the "Company"), subject to the Toronto Stock Exchange approval, has authorized a normal course issuer bid for a maximum of 1,137,722 participating 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 at prevailing market prices, on the open market through the facilities of the Toronto Stock Exchange during a twelve-month period, and will be made in accordance with the requirements of said Exchange. All shares purchased will be cancelled. As of July 25, 2005, 22 754 448 Class B Shares were issued and outstanding.

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

Between June 3, 2004 and June 2, 2005, the Company has purchased 1,259,400 outstanding Class B Shares pursuant to its normal course issuer bid then in effect, at an average price of $ 20.22. In addition, a total of 3,449,199 Class B Shares were repurchased at a price of $22.00 per share pursuant to its substantial issuer bid that expired on June 29, 2005.

TVA Group Inc. is an integrated communications company involved in broadcasting, production and distribution of audiovisual products, and in publishing, including magazines. TVA Group Inc. 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. Its Class B Shares are listed on the Toronto Stock Exchange under the symbol TVA.NV.B.

Contact Information

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