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Cossette announces a Share Purchase Financing Plan for Certain Senior Executives

Posted on: Tuesday, 9 June 2009, 14:50 CDT

KOS (TSX)

QUEBEC CITY, June 9 /PRNewswire-FirstCall/ - Cossette Inc. ("Cossette" or the "Company") announces that it is renewing the financing arrangement implemented in 2008 for the purposes of facilitating the purchase of the Company's subordinate voting shares by certain senior executives. The Company will finance up to a maximum of $3,000,000 for share purchases over the next few months. The terms and conditions of the loans are identical to those described in the notes to the annual audited consolidated financial statements for the financial year ended September 30, 2008. Mr. Claude Lessard, Chairman, Chief Executive Officer and President, and the other remaining founding partners of Cossette will not benefit from such financing arrangement. The share purchases will be completed through the facilities of the Toronto Stock Exchange.

Cossette Inc. offers a full range of leading-edge communication services to clients of all sizes, including some of the most prestigious brands in the world. A customer-driven organization built around highly specialized business units, Cossette also offers Convergent Communications(TM), a unique working method that brings added value to the client by integrating various services offered by the Group, including strategic planning and research, advertising, media buying and channel planning, sales promotion, direct response, database and direct marketing, customer relationship management, interactive marketing and technology solutions, public relations, organizational communication and change management, sponsorship and alliance marketing, branding and design, ethnic marketing, business-to-business communications (B2B practices) and print and video production. Cossette has approximately 1,630 employees and offices in Quebec City, Montreal, Toronto, Vancouver, Halifax, New York, Irvine, Los Angeles, London and Shanghai.

SOURCE COSSETTE INC.

Source: PR Newswire

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