QUEBEC CITY, June 10 /PRNewswire-FirstCall/ -- On June 10, 2009, Mr. Claude Lessard (the "Offeror"), Chairman, Chief Executive Officer and President, acquired direct ownership of an aggregate of 800 Subordinate Voting Shares of Cossette Inc. ("Cossette" or the "Company"), at a price of $3.36 per share. The Subordinate Voting Shares acquired represent 0.008% of the issued and outstanding Subordinate Voting Shares of Cossette as of June 9, 2009. All of the Subordinate Voting Shares were acquired through the facilities of the Toronto Stock Exchange.
Following the acquisition described above, the Offeror and the joint actors own and control, directly and indirectly, an aggregate of 230,460 Subordinate Voting Shares representing 2.22% of the Company's issued and outstanding Subordinate Voting Shares as of June 10, 2009.
The Subordinate Voting Shares were acquired for investment purposes only and Mr. Lessard and the joint actors may acquire further securities of Cossette in the future, depending on market conditions and other factors material to Mr. Lessard's investment decisions.
Mr. Lessard relied upon the "normal course purchase" exemption from the takeover bid rules of Canadian securities legislation at Section 4.1 of Multilateral Instrument 62-104 in completing the transaction. The facts supporting that reliance are set forth above.
This press release is issued pursuant to Section 5.2 (1) of Multilateral Instrument 62-104, which also requires a report to be filed with regulatory authorities containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with the Company's documents in the SEDAR website at http://www.sedar.com/.
A copy of the Early Warning Report may also be obtained by contacting Mr. Martin Faucher, Vice-President and Chief Financial Officer of the Company.
Cossette Inc. offers a full range of leading-edge communication services to clients of all sizes, including some of the most prestigious brands in the world. A customer-driven organization built around highly specialized business units, Cossette also offers Convergent Communications(TM), a unique working method that brings added value to the client by integrating various services offered by the Group, including strategic planning and research, advertising, media buying and channel planning, sales promotion, direct response, database and direct marketing, customer relationship management, interactive marketing and technology solutions, public relations, organizational communication and change management, sponsorship and alliance marketing, branding and design, ethnic marketing, business-to-business communications (B2B practices) and print and video production. Cossette has approximately 1,630 employees and offices in Quebec City, Montreal, Toronto, Vancouver, Halifax, New York, Irvine, Los Angeles, London and Shanghai.
COSSETTE INC.
CONTACT: Financial Analysts only: Martin Faucher, Vice-President and
Chief Financial Officer, (418) 521-3784; Investors: Francis Trudeau, Director,
Acquisitions and Investor Relations, (514) 282-4633; Media: Mathieu Claise,
Optimum Public Relations, (418) 521-3770; Source: Cossette Inc.,
http://www.cossette.com/
