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Management Side
Cascades Inc. Commences Normal Course Issuer Bid
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Kingsey Falls, Quebec, Canada, 09 March 2007 -- /PRNewswire/ -- Cascades Inc. 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 not commence before 13 March 2007, and will not continue beyond 12 March 2008. The Common Shares purchased shall be cancelled.

The notice will enable Cascades to acquire up to 4,970,094 Common Shares, which represent approximately 5% of the 99,401,889 issued, and outstanding Common Shares as of 08 March 2007. During the last 12 months, Cascades purchased 467,400 Common Shares at an average cost of CAD 13.49.

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, transforms, and markets packaging and tissue products composed mainly of recycled fibres. Cascades employs close to 14,000 employees who work in more than 100 modern and flexible production units located in North America and Europe. Cascades' management philosophy, its more than 40 years of experience in recycling, and 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.

 

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