- REPURCHASE OF UP TO 22 MILLION CLASS A SHARES
- SPECIAL DIVIDEND OF $0.50 PER SHARE
- DISTRIBUTION FUNDED FROM CASH ON HAND
Longueuil, Québec, October 8, 2013 - The Jean Coutu Group (PJC) Inc. ("Jean Coutu Group" or the "Corporation") (TSX:PJC.A) announces its intention to distribute up to $502 million to its shareholders by way of an offer to purchase for cancellation up to 22,000,000 Class "A" Subordinate Voting Shares without par value of the Corporation (the "Shares") at a price of $18.50 per Share (the "Offer") and a special one-time cash dividend of $0.50 per Share and Class “B” share (multiple voting) without par value of Jean Coutu Group (the "Special Dividend").
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Hélène Bisson
Vice-President, Communications
The Jean Coutu Group (PJC) Inc.
(450) 646-9611, Extension 1165
[email protected]