The Jean Coutu Group Sells its Remaining 65.4 Million Shares of Rite Aid
LONGUEUIL, QUEBEC -- (Marketwired) -- 07/18/13 -- In accordance with
the provisions of Rule 144 under the U.S. Securities Act of 1933, The
Jean Coutu Group (PJC) Inc. (TSX:PJC.A) ("The Jean Coutu Group" or
the "Corporation") filed on July 17, 2013 a notice indicating its
intent to dispose of its 65,401,162 common shares of Rite Aid
Corporation (" Rite Aid "). The Jean Coutu Group completed the sale
of these shares today, which were sold at an average price of US$
2.95 per share for a net proceed of US$ 192.2 million. A gain of US$
94.1 million will be recorded in the Corporation's net profit during
the second quarter of the 2014 fiscal year, in addition to a gain of
US$ 50.0 million previously announced for the sale of 40,500,000 Rite
Aid shares on June 26, 2013.
Following the sale of these shares, the Corporation is no longer a
shareholder of Rite Aid.
About The Jean Coutu Group. The Jean Coutu Group is one of the most
trusted names in Canadian pharmacy retailing. The Corporation
operates a network of 407 franchised stores located in the provinces
of Quebec, New Brunswick and Ontario under the banners of PJC Jean
Coutu, PJC Clinique, PJC Sante and PJC Sante Beaute, that employs
more than 19,000 people. Furthermore, the Jean Coutu Group owns Pro
Doc Ltd, a Quebec-based subsidiary and manufacturer of generic drugs.
The Jean Coutu Group (PJC) Inc.
Senior Vice-President, Finance and Corporate Affairs
(450) 646-9611, Ext. 1790
(450) 646-9611, Ext. 1165
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