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Tag: Corus Entertainment Inc.

CORUS ENTERTAINMENT RECEIVES TSX APPROVAL TO AMEND NORMAL COURSE ISSUER BID
Entertainment

CORUS ENTERTAINMENT RECEIVES TSX APPROVAL TO AMEND NORMAL COURSE ISSUER BID

TORONTO, Aug. 9, 2022 /PRNewswire/ - Corus Entertainment Inc. ("Corus" or the "Company") (TSX: CJR.B) announced today that the Toronto Stock Exchange (the "TSX") has accepted the notice filed by the Company to amend its normal course issuer bid ("NCIB"). The amendment increases the maximum number of Class B non-voting shares that may be repurchased, from 9,669,705 Class B non-voting shares, representing approximately 5% of the Company's 'public float' as at January 3, 2022, to 19,339,410 Class B non-voting shares, representing approximately 10% of the Company's 'public float' as at January 3, 2022. Daily repurchases will be limited to a maximum of 231,935 Class B non-voting shares, representing 25% of the average daily trading volume for the six months ended December 31, 2021 (being 927,7...