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Yellow Pages Limited Announces Streamlining of its Board of Directors

Montreal, Québec, April 5, 2018 – Yellow Pages Limited (TSX: Y) ("YP" or the "Company") announced today that its Board of Directors (“Board”) will be streamlined, reducing the number of Board members from twelve to seven. Further detail may be found in the Company’s Management Proxy Circular that was filed on SEDAR and whose mailing commenced today. As a result, seven of the current twelve Directors are standing for election at its Annual General Meeting of Shareholders scheduled to be held on May 11, 2018 (the "Meeting") (see below for additional information).

"While the Company continues to streamline and focus its operations, the Board made the decision to reduce its size and increase its focus as well" said Robert F. MacLellan, Director and Chairman of the Board. Mr. MacLellan continued, “The Board is unanimous in endorsing the Company’s new management team and its strategy. All members of the Board are confident that the Company is in good hands, with a bright future. Although the Board will be smaller going forward, it will continue to be a very strong board, with deep knowledge of the Company, markedly successful experience in our global industry, and broad functional expertise.”

The seven current Directors who are standing for election at the Meeting are David A. Eckert, Craig Forman, Robert Hall, Susan Kudzman, Donald H. Morrison, Kalpana Raina, and Paul W. Russo. The newly constituted Board will determine the Chairman of the Board and committee memberships promptly after its election.

The Company will report its first quarter 2018 results, for the period covering January 1 to March 31, 2018, on May 11, 2018 at 8:30 a.m. (ET). The Company will also hold its Annual General Meeting of Shareholders at 11 a.m. (ET) that day, at the offices of Osler, Hoskin & Harcourt S.E.N.C.R.L./s.r.l., located in Montréal at 1000 Rue De La Gauchetière West, Suite 2100. The Annual General Meeting will be limited to the formal business on the agenda and there will be no management presentation on the business. Shareholders who are interested in hearing the management’s analysis of the Company’s financial results for the first quarter of 2018 are encouraged to join the conference call at 8:30 a.m. (ET).

First Quarter 2018 Results

WHEN: Friday, May 11, 2018 at 8:30 a.m. (ET)

DIAL-IN: Kindly refer to our corporate website the morning of the call.

Annual General Meeting

WHEN: Friday, May 11, 2018 at 11:00 a.m. (ET)

WHERE: Osler, Hoskin & Harcourt S.E.N.C.R.L./s.r.l., 1000 Rue De La Gauchetière West, Suite 2100, Montréal

About Yellow Pages Limited

Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada’s leading local online properties including YP.ca, RedFlagDeals.com, Canada411.ca, 411.ca, Bookenda.com, DuProprio.com, ComFree.com and NextHome. The Company also holds the YP, YP Shopwise, YP Dine, RedFlagDeals, Canada411, 411, Bookenda, DuProprio, ComFree and NextHome mobile applications and Yellow Pages print directories. In addition, Yellow Pages is a leader in national advertising through its businesses devoted to servicing the marketing needs of large North American brands, including Mediative and JUICE. For more information visit www.corporate.yp.ca.

Contacts :

Investors
Ken Taylor
Senior Vice-President and Chief Financial Officer
Tel. : (514) 934-5855
ken.taylor@yp.ca
 

Media
Marcie Baron
Manager, Communications
Tel. : (514) 934-7374
marcie.baron@yp.ca

 

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