Yellow Pages Ltd T.Y

Alternate Symbol(s): YLWDF

Communication Services

Yellow Pages Limited is a Canadian digital media and marketing company. The Company offers targeted tools to local businesses, national brands and consumers, allowing them to interact and transact within the digital economy. It offers small and medium-sized enterprises (SMEs) across Canada full-serve access to a comprehensive suite of digital and traditional marketing solutions, such as online and mobile priority placement on its digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions, as well as print advertising. Its media properties, primarily desktop, mobile and print, continue to serve as effective marketplaces for Canadian local merchants, brands and consumers. The Company holds local online properties, including YP.ca, Canada411 and 411.ca. It also holds the YP, Canada411 and 411 mobile applications and Yellow Pages print directories.

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Yellow Pages Ltd > $50 million buyback

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Comment by whodathunkiton Nov 10, 2023 4:54pm

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Post# 35729442

RE:RE:RE:RE:RE:$50 million buyback

The 25% fewer shares are across the board. But, the NCIB is on the open market and basically are from small minority shareholders. So ultimately there will be fewer minority shares. The 3 large shareholders are slowly taking over the company by using the company money to do so. Once it is small enough they will take it private and keep the excellant cash flow for themselves. If they really wanted to reward shareholders they would keep the shares as is and pay out special dividends. What they are doing now is setting a price that you can't refuse. If they want a privatization, then they should pay the premium and take it private.

This is once again a case of the retail investor getting screwed.

Cheers.

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