Saputo Announces the Renewal of Its Normal Course Issuer Bid

Nov 14, 2018

MONTRÉAL, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Saputo Inc. (“Saputo” or the “Company”) (TSX: SAP) announced today that it has received the approval of the Toronto Stock Exchange (“TSX”) to renew its normal course issuer bid (the “Bid”) in order to repurchase for cancellation up to 8,000,000 common shares (“Common Shares”), representing approximately 2% of its 388,706,603 issued and outstanding Common Shares as of November 5, 2018. In the event the number of Common Shares that the Company can purchase under the Bid has been attained, the Company intends to apply to the TSX to amend the Bid to increase the number of Common Shares authorized to be repurchased in accordance with TSX rules.

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