Business News
Quebecor Inc. Two-For-One Stock Split Completed
Monday 19. August 2013 - Class A and Class B shares will commence trading on a split basis on the Toronto Stock Exchange at the opening of business on Friday, August 16, 2013
Quebecor Inc. (TSX:QBR.A)(TSX:QBR.B) announced today that it has completed its previously announced two-for-one stock split of the Corporation’s Class A Multiple Voting Shares and Class B Subordinate Voting Shares. Each Quebecor shareholder of record on August 14, 2013, received today one additional share for each share owned. The Class A and Class B shares will stop trading on the Toronto Stock Exchange on a due bill basis at the close of business today. Consequently, the Class A and Class B shares will commence trading on a two-for-one split basis on the Toronto Stock Exchange at the opening of business on Friday, August 16, 2013.
Quebecor shareholders do not need to take any action as the Corporation has recently moved to a simple Direct Registration System. Quebecor’s transfer agent, Canadian Stock Transfer Company Inc. (CST), will send to Class A and Class B registered shareholders residing in Canada a statement of Direct Registration System indicating the number of additional shares that they receive as a result of the stock split. This will allow shareholders residing in Canada to hold their additional shares in the book entry form with CST without having a physical share certificate issued.