25 | 03 | 2019

Cascades Renews its Normal Course Issuer Bid

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Cascades Inc. (TSX: CAS) announces that the Toronto Stock Exchange accepted its notice of intention to begin a normal course issuer bid in respect of its Common Shares. Purchases pursuant to the normal course issuer bid will commence on March 15, 2012 and will not continue beyond March 14, 2013. The Common Shares purchased shall be cancelled.

The notice will enable Cascades to acquire up to 4,725,273 Common Shares which represents approximately 5% of the 94,505,465 issued and outstanding Common Shares as of March 1st, 2012. Since March 1, 2011, Cascades purchased 2,363,563 Common Shares at an average weighted cost of $5.12.

The average daily trading volume of Cascades' Common Shares was 92,250 on the Toronto Stock Exchange over the last six completed calendar months (the ADTV). Accordingly, Cascades is entitled to purchase up to 25% of the ADTV on any trading day being 23,062 Common Shares.

All purchases will be made through the facilities of the Toronto Stock Exchange in accordance with its requirements.

Cascades considers that the shares to be acquired may, from time to time, be undervalued in the market and represent an excellent opportunity to enhance shareholder value.

Founded in 1964, Cascades produces converts and markets packaging and tissue products composed mainly of recycled fibres. Cascades employs close to 11,000 men and women who work in more than 100 production units located in North America and Europe. Cascades' management philosophy, its 45 years of experience in recycling, its continued efforts in research and development are strengths which enable the company to create new products for its customers. The Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

Source: Cascades Inc. Official Site