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- Yellow Pages Limited Announces Plan for $25 million Share Buyback and $2 million Pension Plan Voluntary Contribution | YP Corporate Live
Communiqués de presse Back to News Retour aux nouvelles Print Retour aux nouvelles Print Montréal (Québec), le 7 avril 2026 — Pages Jaunes Limitée (TSX : Y) (la « Société »), un chef de file en matière de médias numériques et de solutions marketing au Canada, a annoncé aujourd’hui que son conseil d’administration a approuvé la distribution aux actionnaires d’un montant d’environ 25 M$ par l’entremise d’un rachat d’actions auprès de tous les actionnaires conformément à un plan d’arrangement prévu par la loi en vertu de la Business Corporations Act (Colombie-Britannique). L’arrangement sera réalisé conformément à un plan d’arrangement qui prévoit que la Société rachètera auprès des actionnaires, au prorata, un total de 2 037 489 actions ordinaires au prix de rachat de 12,27 $ l’action, soit le cours moyen pondéré en fonction du volume pour les cinq jours de bourse consécutifs se terminant le jour de bourse précédant immédiatement le 7 avril 2026. En lien avec le plan d’arrangement, la Société versera également, avant le 19 juin 2026, une cotisation facultative supplémentaire en trésorerie de 2 M$ à l’égard du déficit de liquidation du régime de retraite, ce qui portera à 6 M$ d’ici juin 2026 les paiements en trésorerie liés au déficit de liquidation du régime de retraite, à la suite de l’achat de contrats de rentes collectives en mai 2025. L’arrangement est assujetti à l’approbation par au moins 66 2/3 % des voix exprimées par les détenteurs d’actions lors d’une assemblée extraordinaire des actionnaires qui se tiendra virtuellement le 11 juin 2026 afin d’approuver l’arrangement. Les actionnaires détenant plus de 80 % des actions en circulation ont convenu avec la Société de voter en faveur de l’arrangement. L’arrangement est aussi assujetti à l’obtention de l’approbation de la Cour suprême de la Colombie-Britannique. À propos de Pages Jaunes Limitée Pages Jaunes Limitée (TSX : Y) est une entreprise canadienne de médias numériques et de marketing qui crée des occasions pour les acheteurs et les vendeurs d’interagir et de réaliser des transactions dans l’économie locale. Pages Jaunes détient certaines des principales propriétés en ligne locales au Canada, notamment PJ.ca, Canada411.ca et 411.ca. La Société détient également les applications mobiles YP, Canada411 et 411 ainsi que les annuaires imprimés Pages Jaunes. Pour plus d’information, visitez www.entreprise.pj.ca . Mise en garde concernant les énoncés prospectifs Le présent communiqué de presse contient des déclarations prospectives sur l’arrangement au sens des lois sur les valeurs mobilières applicables. La réalisation de l’arrangement est assujettie à un certain nombre de risques. Les risques qui pourraient faire en sorte que nos résultats diffèrent sensiblement de nos attentes actuelles et qui pourraient avoir une incidence sur l’arrangement sont abordés à la section 5 de notre rapport de gestion du 11 février 2026. Nous n’avons aucune intention ni ne nous engageons à le faire, sauf si cela est exigé conformément à la loi, de mettre à jour les déclarations prospectives même si de nouveaux renseignements venaient à notre connaissance, par suite d’événements future ou pour toute autre raison. Personnes-ressources : Investisseurs et médias Philip Samman Conseiller juridique principal et secrétaire investisseurs@pj.ca communications@pj.ca Pages Jaunes Limitée annonce un plan de rachat d’actions de 25 millions $ et une cotisation volontaire de 2 millions $ au régime de retraite
- Philip Samman | YP Corporate Live
Conseiller Juridique Principal et Secrétaire Philip Samman Retour Philip Samman Conseiller Juridique Principal et Secrétaire Philip Samman a été nommé Conseiller Juridique Principal et Secrétaire chez Pages Jaunes Canada en août 2025, apportant près de dix ans d’experience juridique en entreprise. Conseiller de confiance de l’équipe de direction, il offre des conseils stratégiques et orientés vers les affaires qui soutiennent la croissance et les priorités opérationnelles de l’entreprise. Auparavant Directeur des Affaires Juridiques, M. Samman supervise désormais les fonctions juridiques, de conformité, de ressources humaines et d’approvisionnement, assurant un soutien pratique et axé sur les solutions dans l’ensemble de l’organisation. Il est titulaire de diplômes en droit civil (LL.L.) et en common law (J.D.) de l’Université d’Ottawa, ainsi que d’un baccalauréat en arts de l’Université Concordia.
- Le leadership au féminin dans le monde juridique (In French Only) | YP Corporate Live
Back to Events Le leadership au féminin dans le monde juridique (In French Only) Add to my Calendar Back to Events Events
- Management Discussion and Analysis | YP Corporate Live
Back to Events Management Discussion and Analysis Add to my Calendar Back to Events Events
- Panel/Roundtable: The Data Tsunami | YP Corporate Live
Back to Events Panel/Roundtable: The Data Tsunami Add to my Calendar Back to Events Events
- Yellow Pages Limited Announces Approval of the Arrangement at Special Meeting | YP Corporate Live
Communiqués de presse Back to News Retour aux nouvelles Print Retour aux nouvelles Print Montréal (Québec), le 23 septembre 2022 - Pages Jaunes Limitée (TSX : Y) (la « Société »), un chef de file en matière de médias numériques et de solutions marketing au Canada, a annoncé aujourd’hui que les actionnaires de la Société (les « actionnaires ») ont approuvé l'arrangement préalablement annoncé par la Société en vertu de la loi de Colombie-Britannique intitulée Business Corporations Act (l’« arrangement ») lors d'une assemblée extraordinaire des actionnaires tenue aujourd'hui (l’« assemblée »). La résolution spéciale approuvant l'arrangement a été approuvée par 99.57% des voix exprimées par les actionnaires présents virtuellement ou représentés par les fondés de pouvoir à l'assemblée. Aux termes de l’arrangement, la Société rachètera aux actionnaires, au prorata, un total de 7 949 125 actions ordinaires au prix de rachat de 12,58 $ par action, soit le cours moyen pondéré en fonction du volume pendant les cinq jours de bourse consécutifs se terminant le jour de bourse précédant immédiatement le 5 août 2022. La Société avancera également les cotisations en espèces supplémentaires facultatives annoncées préalablement d’un montant de 24 millions de dollars en vue de réduire le déficit attribuable à la résiliation du régime à prestations déterminées de la Société (le « régime de retraite ») au cours de l’exercice se clôturant le 31 décembre 2022, ce qui portera les paiements en espèces de 2022 au déficit attribuable à la résiliation du régime de retraite à 30 millions de dollars d'ici la fin de l'année. L'arrangement reste soumis à la réception de l'approbation de la Cour suprême de la Colombie-Britannique (la « Cour »). L'audience de la Cour pour obtenir l’ordonnance définitive approuvant l'arrangement est actuellement prévue pour le 27 septembre 2022, et l'arrangement devrait être conclu le 4 octobre 2022. Des renseignements supplémentaires concernant les modalités de l'arrangement figurent dans la circulaire de sollicitation de procurations de la direction de la Société datée du 26 août 2022, qui est disponible sous le profil de la Société à l'adresse www.sedar.com et sur le site Web de la Société à l'adresse www.entreprise.pj.ca . À propos de Pages Jaunes Limitée Pages Jaunes Limitée (TSX : Y) est une société canadienne de médias numériques et de solutions marketing qui offre des occasions aux vendeurs et aux acheteurs d’interagir et de faire des affaires au sein de l’économie locale. Pages Jaunes détient certains des principaux médias locaux en ligne au Canada, notamment PJ.ca , Canada411 et 411.ca . La Société détient également les applications mobiles PJ, Canada411 et 411 ainsi que les annuaires imprimés Pages Jaunes. Pour plus d’information, visitez notre site Web à www.entreprise.pj.ca . Mise en garde concernant les énoncés prospectifs Le présent communiqué de presse contient des énoncés prospectifs au sens des lois sur les valeurs mobilières applicables. Ces énoncés sont prospectifs et sont fondés sur nos attentes actuelles, au 23 septembre 2022, à propos de nos activités, ainsi que sur diverses estimations et hypothèses qui sont actuelles, raisonnables et complètes. Nos résultats réels pourraient différer sensiblement de nos attentes, si des risques connus ou inconnus ont une incidence sur nos activités ou si nos estimations ou hypothèses se révèlent inexactes. Par conséquent, rien ne garantit que des énoncés prospectifs se matérialiseront. Les risques qui pourraient faire en sorte que nos résultats diffèrent sensiblement de nos attentes actuelles sont analysés à la section 5 de notre rapport de gestion du 4 août 2022. Sauf si nous y sommes tenus par la loi, nous n’avons pas l’intention ni l’obligation de mettre à jour des énoncés prospectifs, et ce, même si de nouveaux renseignements deviennent disponibles par suite d’événements futurs ou pour toute autre raison. Personnes‑ressources : Investisseurs Franco Sciannamblo Premier vice‑président et chef de la direction financière investors@pj.ca Médias Treena Cooper Première vice‑présidente, secrétaire et chef du contentieux communications@pj.ca Pages Jaunes Limitée annonce l'approbation de l'arrangement lors de l'assemblée extraordinaire
- Q2 2025 Financial and Operational Results | YP Corporate Live
Back to Events Q2 2025 Financial and Operational Results Add to my Calendar Yellow Pages Limited will hold an analyst and media call and simultaneous webcast at 8:30 a.m. (Eastern Time) on August 6, 2025 to discuss second quarter 2025 results. The call may be accessed by dialing 416-695-6725 within the Toronto area, or 1-866-696-5910 outside of Toronto, both with the passcode 2549631#. Please be prepared to join the conference at least 5 minutes prior to the conference start time. Management's Discussion & Analysis Financial Statements Supplemental Disclosure Webcast of Conference Call Back to Events Events
- Yellow Pages Limited Obtains Final Order for Arrangement from the Supreme Court of British Columbia | YP Corporate Live
Press Releases Back to News Back to News Montreal (Quebec), June 15, 2026 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, today announced that the Company has obtained a final order from the Supreme Court of British Columbia approving the Company’s previously announced arrangement under the Business Corporation Act (British Columbia) (the “Arrangement”). Under the Arrangement, the Company will repurchase from Shareholders pro rata an aggregate of 2,037,489 common shares at a purchase price of $12.27 per share, which represents the volume weighted average price for the five consecutive trading days ending the trading day immediately prior to April 7, 2026. The Arrangement will become effective at 11:59 p.m. (Eastern time) on June 22, 2026 (the “Effective Date”). On the Effective Date, the Company shall deliver to TSX Trust Company, as paying agent, sufficient funds to satisfy the aggregate consideration payable to the Shareholders under the Arrangement. It is anticipated that Shareholders will receive payment for their repurchased shares on June 25, 2026. Additional information regarding the terms of the Arrangement is set out in the Company’s management proxy circular dated May 1, 2026, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.corporate.yp.ca . 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 , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains certain forward-looking statements about the Arrangement within the meaning of applicable securities laws. Completion of the Arrangement is subject to a number of risks. Risks that could impact the Arrangement are discussed in section 5 of our May 13, 2026 Management's Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contacts: Investors & Media Philip Samman General Counsel and Corporate Secretary investors@yp.ca communications@yp.ca Yellow Pages Limited Obtains Final Order for Arrangement from the Supreme Court of British Columbia Back to News Print Print
- Release of Q3 2018 Financial and Operational Results | YP Corporate Live
Back to Events Release of Q3 2018 Financial and Operational Results Add to my Calendar Management Discussion and Analysis (162.1 KB) Supplemental Disclosure (1.4 MB) Financial Statements (122.1 KB) Webcast of the Conference Call Back to Events Events
- Yellow Pages Limited Reports First Quarter 2026 Financial and Operating Results and Declares a Cash Dividend1 | YP Corporate Live
Press Releases Back to News Back to News Montreal (Quebec), May 14, 2026 — Yellow Pages Limited (TSX: Y) (the “Company”), a leading Canadian digital media and marketing company, released its operating and financial results today for the quarter ended March 31, 2026. “In the first quarter, we delivered good profitability, and cash generation, despite challenges in the global economy that affected our revenue initiatives,” said Sherilyn King, President and CEO of Yellow Pages Limited. King commented on the key developments: Good quarterly earnings. “Our Adjusted EBITDA 2 for the quarter was 19.3% of revenue.” Progress on revenue initiatives. “Given the challenges in the global economy, our first quarter change in revenue was broadly stable compared to the same measure a year ago.” Strong cash balance. “Even after certain regular, seasonal cash disbursements during the quarter, our cash on hand at the end of April stood at approximately $58 million.” Cash to Shareholders and to Pension Plan by the end of June. “As announced on April 7, 2026, our Board approved a $25.0 million share buyback through a plan of arrangement, expected to be completed by the end of June. In connection with the plan of arrangement, we contributed an additional $2.0 million to the defined benefit pension plan in April 2026. This voluntary contribution, combined with an earlier $2.0 million payment made during the first quarter brings total payments to the defined benefit pension plan to $6.0 million since the annuity purchase in May 2025 .” Quarterly dividend declared. “Our Board has declared a dividend of $0.25 per common share, to be paid on June 15, 2026 to shareholders of record as of May 25, 2026.” First Quarter of 2026 Results Total Revenues decreased 7.8% year-over-year and amounted to $46.8 million for the three-month period ended March 31, 2026, compared to the decrease of 7.6% reported for the same period last year. Adjusted EBITDA less CAPEX 1 totalled $8.5 million and the EBITDA less CAPEX margin 1 was 18.1%. Net income amounted to $4.1 million, or to $0.30 diluted income per share. Financial Results for the First Quarter of 2026 Total revenues for the first quarter ended March 31, 2026 decreased by 7.8% year-over-year and amounted to $46.8 million as compared to $50.8 million for the same period last year. The decrease in revenues is mainly due to the decline of our higher margin digital media and print products and to a lesser extent to our lower margin digital services products, thereby creating pressure on our gross profit margins. The total revenues decline of 7.8% for the three-month period ended March 31, 2026 compares to 7.6% reported for the same period last year. The higher decline rate is driven by the decline in print revenue while the decline rate for digital has improved. Total digital revenues decreased 6.1% year-over-year, compared to 6.8% reported for the same period in 2025 and amounted to $38.2 million for the three-month period ended March 31, 2026, compared to $40.7 million for the same period last year. The decline in digital revenue is mainly attributable to a decrease in digital customer count, partially offset by an increase in the average spend per customer. The improvement of the digital revenue decline rate from 6.8% reported in 2025 to 6.1% for the first quarter of 2026 is mainly due to a strong renewal rate and an increase in average spend per customer, due in part to price increases. Total print revenues decreased 14.8% year-over-year, compared to 10.5% for 2025 and amounted to $8.6 million for the three-month period ended March 31, 2026. The decline in print revenue is mainly due to the decrease in the number of print customers while the spend per customer has improved year-over-year driven by price increases. Adjusted EBITDA 1 declined to $9.0 million or 19.3% of revenues in the first quarter ended March 31, 2026, relative to $11.9 million or 23.4% of revenues for the same period last year. The decrease in Adjusted EBITDA and Adjusted EBITDA margin 1 for the three-month period ended March 31, 2026 is the result of revenue pressures, the ongoing investments in our tele-sales force capacity, and the impact of the Company’s share price on cash settled stock-based compensation expense, partially offset by optimizations in cost of sales and reductions in other operating costs including reductions in our workforce and associated employee expenses. The change in YP’s share price resulted in an expense of $1.7 million for the three-month period ended March 31, 2026, compared to a recovery of $1.3 million for the same period last year. Revenue pressures and change in product mix, partially offset by continued optimizations and cost reductions, will continue to cause pressure on margins in upcoming quarters. Adjusted EBITDA less CAPEX decreased by $2.9 million to $8.5 million during the first quarter of 2026, compared to $11.4 million during the same period last year. The decrease in Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin for the three-month period ended March 31, 2026 is driven by the decrease in Adjusted EBITDA. Net income for the three-month period ended March 31, 2026 amounted to $4.1 million as compared to net income of $5.0 million for the same period last year. The decrease is mainly due to lower Adjusted EBITDA, partially offset by the decrease in restructuring and other charges and in depreciation and amortization. Net cash outflows from operating activities for the three months ended March 31, 2026 were $2.5 million, compared to net cash inflows from operating activities of $3.3 million for the same period last year. Cash outflows from operating activities for the period were primarily driven by the increase in cash payments related to the settlement of stock-based compensation of $3.6 million, and a $1.8 million increase in funding of post-employment benefit plans, compared to the same period last year. Furthermore, cash outflows from operating activities were impacted by the $2.9 million decrease in Adjusted EBITDA, partially offset by an increase of $2.4 million from change in operating assets and liabilities. (1) Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA, Adjusted EBITDA margin, CAPEX, Adjusted EBITDA less CAPEX, Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS Accounting Standards. Therefore, they are unlikely to be comparable to similar measures presented by other public companies. Refer to the section on Non-GAAP financial measures at the end of this document for more details. Yellow Pages Limited will hold an analyst and media call and simultaneous webcast at 8:30 a.m. (Eastern Time) on May 14, 2026 to discuss first quarter 2026 results. To join by phone: https://register-conf.media-server.com/register/BI5a4a60ce6cd0462b8c9824e88b255d29 Click on the call link and complete the online registration form. Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Select a method for joining the call: a. Dial-In : A dial in number and unique PIN are displayed to connect directly from your phone. b. Call Me : Enter your phone number and click “Call Me” for an immediate callback from the system. The call will come from a US number. To join by webcast: ENG: https://edge.media-server.com/mmc/p/duytv3ji FR: https://edge.media-server.com/mmc/p/duytv3ji/lan/fr The call will be simultaneously webcast on the Company’s website at: https://corporate.yp.ca/en/investors/financial-reports . The conference call will be archived in the Investors section of the site at: https://corporate.yp.ca/en/investors/financial-events-presentations . 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 , Canada411 and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca . Caution Concerning Forward-Looking Statements This press release contains forward-looking statements about the objectives, strategies, financial conditions and results of operations and businesses of YP (including, without limitation, payment of a cash dividend per share per quarter to its common shareholders). These statements are forward-looking as they are based on our current expectations, as at May 13, 2026, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 5 of our May 13, 2026 Management’s Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. Contact: Investors & Media Philip Samman General Counsel & Corporate Secretary investors@yp.ca communications@yp.ca Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA margin In order to provide a better understanding of the results, the Company uses the terms Adjusted EBITDA and Adjusted EBITDA margin. Adjusted EBITDA is equal to Income from operations before depreciation and amortization and restructuring and other charges (defined herein as Adjusted EBITDA), as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Adjusted EBITDA margin is defined as the percentage of Adjusted EBITDA to revenues. Adjusted EBITDA and Adjusted EBITDA margin are not performance measures defined under IFRS Accounting Standards and are not considered an alternative to income from operations or net income in the context of measuring Yellow Pages performance. Adjusted EBITDA and Adjusted EBITDA margin do not have a standardized meaning under IFRS Accounting Standards and are therefore not likely to be comparable to similar measures used by other publicly traded companies. Adjusted EBITDA and Adjusted EBITDA margin should not be used as exclusive measures of cash flow since they do not account for the impact of working capital changes, income taxes, interest payments, pension funding, capital expenditures, debt principal reductions and other sources and uses of cash, which are disclosed on page 11 of our May 13, 2026 MD&A. Management uses Adjusted EBITDA and Adjusted EBITDA margin to evaluate the performance of its business as it reflects its ongoing profitability. Management believes that certain investors and analysts use Adjusted EBITDA and Adjusted EBITDA margin to measure a company’s ability to service debt and to meet other payment obligations or as common measurement to value companies in the media and marketing solutions industry as well as to evaluate the performance of a business. Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin The Company also uses Adjusted EBITDA less CAPEX, which is defined as Adjusted EBITDA, as defined above, less CAPEX which we define as additions to intangible assets and additions to property and equipment as reported in the Investing Activities section of the Company’s consolidated statements of cash flows. Adjusted EBITDA less CAPEX margin is defined as the percentage of Adjusted EBITDA less CAPEX to revenues. Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin are non-GAAP financial measures and do not have any standardized meaning under IFRS Accounting Standards. Therefore, are unlikely to be comparable to similar measures presented by other publicly traded companies. We use Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin to evaluate the performance of our business as it reflects cash generated from business activities. We believe that certain investors and analysts use Adjusted EBITDA less CAPEX and Adjusted EBITDA less CAPEX margin to evaluate the performance of businesses in our industry. The most comparable financial measure under IFRS Accounting Standards to Adjusted EBITDA less CAPEX is Income from operations before depreciation and amortization and restructuring and other charges (defined above as Adjusted EBITDA) as shown in Yellow Pages Limited’s interim condensed consolidated statements of income. Refer to table below for reconciliation of Adjusted EBITDA less CAPEX. Yellow Pages Limited Reports First Quarter 2026 Financial and Operating Results and Declares a Cash Dividend1 Back to News Print Print
- Yellow Pages Limited Announces Normal Course Issuer Bid by Yellow Pages Digital & Media Solutions Limited to Repurchase Debentures | YP Corporate Live
Press Releases Back to News Back to News Montreal (Quebec), April 15, 2020 – 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. The 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. Pursuant 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 purchased in one day pursuant to the Bid will be $9,926, representing 50% of the average daily trading volume of the Debentures on the TSX). In addition, the Subsidiary may make, once per week, a block purchase of Debentures not directly or indirectly owned by insiders of the Subsidiary, in accordance with TSX policies. In connection with the Bid, the Subsidiary entered into an automatic securities purchase plan (“ASPP”) with a designated broker. The ASPP is intended to allow for the purchase of Debentures when the Subsidiary would ordinarily not be permitted to purchase Debentures due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, before entering into a blackout period, the Subsidiary may, but is not required to, instruct the designated broker to make purchases under the bid in accordance with the terms of the ASPP and TSX policies during the blackout period. All purchases made under the ASPP will be included in computing the number of Debentures purchased under the Bid. As previously announced on February 13, 2020, the Company intends to make an optional redemption payment to fully repay the Debentures, on or shortly after May 31, 2021, at par. As such, the Board of Directors of the Company believes that the purchase of the Debentures prior to such date would be in the best financial interests of the Company depending on the purchase price in order to accelerate the early redemption process. 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 , Canada411.ca and 411.ca . The Company also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories. For more information visit www.corprate.yp.ca . This press release contains forward-looking statements about the objectives, strategies, financial conditions of the Company, including the Subsidiary’s intention to make an optional redemption payment to fully repay the Debentures in full on or shortly after May 31, 2021, at par. These statements are forward-looking as they are based on our current expectations, as at April 15, 2020, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 5 of our February 12, 2020 Management’s Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason. For further information: Investors Franco Sciannamblo Senior Vice-President and Chief Financial Officer investors@yp.ca Media John Ireland Senior Vice-President, Organizational Effectiveness communications@yp.ca Yellow Pages Limited Announces Normal Course Issuer Bid by Yellow Pages Digital & Media Solutions Limited to Repurchase Debentures Back to News Print Print
- WEBINAR: Yellow Pages: A Canadian Case Study in Digital Transformation | YP Corporate Live
Back to News 3 septembre 2015 WEBINAR: Yellow Pages: A Canadian Case Study in Digital Transformation (en anglais seulement) Ajouter à mon agenda Retour aux événements Événements

