10:40 AM EDT, 06/13/2024 (MT Newswires) -- Transcontinental (TCL-A.TO, TCL-B.TO) said on Thursday that it secured approval for a normal course issuer bid that allows it to buy for cancellation up to 3.7 million of its Class A subordinate voting shares and up to 668,241 of its Class B shares on the open market between June 17, 2024, and June 16, 2025.

The maximum number of shares in the bid equals 5% of the 73.3 million outstanding Class A subordinate voting shares and 13.4 million outstanding Class B shares as of June 3. The company has set up an automatic securities purchase plan In connection with the program.

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