Transcon's Marcoux Sells 30 Percent of Shares

MONTREAL—Rémi Marcoux, executive chairman and founder of Transcontinental Inc., has completed—through his holding companies—the sale of four million Transcontinental shares. The monetization transaction involves a forward contract concluded with a Canadian chartered bank referencing the closing price of Transcontinental Class A subordinate voting shares on Aug. 9. Pursuant to this agreement, Marcoux's holding companies will retain the beneficial ownership and voting rights attached to the monetized shares.