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Yellow Pages Limited Announces Normal Course Issuer Bid by Yellow Pages Digital & Media Solutions Limited to Repurchase Debentures
Yellow Pages Limited Announces Normal Course Issuer Bid by Yellow Pages Digital & Medi...
About this update from Yellow Pages Ltd.
[{"type":"text","content":"\n\n\n\nYellow Pages Limited Announces Normal Course Issuer Bid by Yellow Pages Digital & Media Solutions Limited to Repurchase Debentures\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\n\n\n\n\n\nYellow Pages Limited Announces Normal Course Issuer Bid by Yellow Pages Digital & Media Solutions Limited to Repurchase Debentures\nCanada NewsWire\nMONTREAL, April 15, 2020\n\n\n\nMONTREAL, April 15, 2020 /CNW Telbec/ - Yellow Pages Limited (TSX: Y) (the \"Company\") is pleased to announce that the Toronto Stock Exchange (the \"TSX\") has accepted a notice filed by Yellow Pages Digital & Media Solutions Limited (TSX: YPG.DB) (the \"Subsidiary\") of the Subsidiary's intention to make a Normal Course Issuer Bid (the \"Bid\") to be transacted through the facilities of the TSX or any alternative Canadian trading system. \nThe notice provides that the Subsidiary may, during the 12-month period commencing on April 20, 2020 and ending on April 19, 2021, purchase up to $6,647,578 principal amount of its senior subordinated exchangeable debentures due November 30, 2022 (\"Debentures\"), being approximately 10% of the Subsidiary's Public Float (as that term is defined in the policies of the TSX) based on $107,089,000 principal amount of issued and outstanding Debentures and a Public Float of $66,475,781 principal amount of Debentures as at April 9, 2020. The price which the Subsidiary will pay for any such Debentures will be the prevailing market price at the time of acquisition. The actual number of Debentures which may be purchased pursuant to the Bid will be determined by management of the Subsidiary. All Debentures will be purchased for cancellation.\nPursuant to TSX policies, the maximum amount of Debentures that may be purchased in one day pursuant to the Bid will be $4,963 principal amount of the Debentures, representing 25% of $19,853 principal amount of the Debentures, being the average daily trading volume of the Debentures on the TSX for the six months ended March 31, 2020 (provided that, until June 30, 2020, the maximum amount of Debentures that may be ...