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BCE implements amendments to its Shareholder Dividend Reinvestment Plan to permit discount for treasury issuances; 2% discount to apply starting with reinvestment of dividend payable on January 15, 2025
BCE implements amendments to its Shareholder Dividend Reinvestment Plan to permit discount for tr...
About this update from Bce Inc.
[{"type":"text","content":"\n\n\n\n\n BCE implements amendments to its Shareholder Dividend Reinvestment Plan to permit discount for treasury issuances; 2% discount to apply starting with reinvestment of dividend payable on January 15, 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled \"Caution Concerning Forward-Looking Statements\" later in this release.\n \n\n\n\n MONTRÉAL\n \n ,\n \n\n Nov. 18, 2024\n \n\n /CNW/ - BCE Inc. (TSX: BCE) (NYSE: BCE) announced today that it has implemented the previously announced amendments to its Shareholder Dividend Reinvestment and Stock Purchase Plan (the \"DRP\") to permit, at the BCE Board's discretion, for the issuance of new common shares from treasury at a discount to the volume weighted average trading price of the common shares for the five trading days immediately preceding the applicable dividend payment date (the \"Average Market Price\").\n \n\n Commencing with the previously declared dividend payable on\n \n January 15, 2025\n \n to eligible holders of common shares as of the December 16, 2024 record date, and subsequently until further notice, common shares distributed under the DRP will be issued from treasury at a discount of 2% to the Average Market Price. The discount will not apply to purchases made pursuant to optional cash payments.\n \n\n Common shares delivered to participants under the DRP in reinvestment of cash dividends were previously purchased by BCE's agent, TSX Trust Company (the \"Agent\"), on the secondary market with cash provided by ...