Transcontinental Inc. (TSX:TCL.A) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 1,000,000 of its class A subordinate voting shares and 191,343 class B shares, representing 1.38% of its issued and outstanding shares. The bid is subject to the approval of any securities authority by private agreements.

The repurchased shares will be cancelled. The bid will end on October 2, 2023. As of September 19, 2022, the company had 72,711,344 class A subordinate voting shares and 13,912,826 class B shares issued and outstanding.