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Yellow Pages Ltd(Y-T)
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Yellow Pages Limited Announces Plan for $50 million Share Buyback and $12 million Pension Plan Voluntary Contribution

Newswire.ca - Thu Oct 19, 2023

MONTREAL, Oct. 19, 2023 /CNW/ - Yellow Pages Limited (TSX: Y) (the "Company"), a leading Canadian digital media and marketing company, today announced that the Board has approved a distribution to the Company's shareholders (the "Shareholders") of approximately $50 million by way of a share repurchase from all shareholders pursuant to a statutory arrangement under the Business Corporations Act (British Columbia). The arrangement will be effected pursuant to a plan of arrangement (the "Arrangement") which provides that the Company will repurchase from Shareholders pro rata an aggregate of 4,440,497 common shares at a purchase price of $11.26 per share, which represents the volume weighted average price for the five consecutive trading days ending the trading day immediately prior to October 19, 2023.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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