BCE pronounces renewal of Standard Path Issuer Bid for Most well-liked Stocks

This information let go comprises forward-looking statements. For an outline of the matching chance elements and suppositions, refer to the division entitled “Caution Concerning Forward-Looking Statements” then on this information let go.

MONTRÉAL, Nov. 7, 2024 /PRNewswire/ – BCE Inc. (BCE) nowadays introduced that the Toronto Secure Alternate (the “TSX”) has authorized a understand filed by way of BCE of its aim to resume its standard direction issuer bid (“NCIB”) to buy as much as 10% of the society flow of every layout of BCE’s exceptional First Most well-liked Stocks which can be indexed at the TSX (the “Preferred Shares”). The length of the NCIB will prolong from November 11, 2024 to November 10, 2025, or an previous time must BCE whole its purchases underneath the NCIB. BCE can pay the widespread marketplace worth on the while of acquisition for any Most well-liked Stocks bought plus brokerage charges payable by way of BCE (apart from with recognize to purchases made underneath an issuer bid exemption sequence, which will probably be at a cut price to the widespread marketplace worth), and all Most well-liked Stocks got by way of BCE underneath the NCIB will probably be prohibited.

The unedited choice of Most well-liked Stocks repurchased underneath the NCIB and the timing of such repurchases will probably be at BCE’s discretion and can be topic to the restrictions move ahead within the TSX Corporate Guide.

The NCIB will probably be carried out thru a mix of discretionary transactions and purchases underneath an automated securities acquire plan during the amenities of the TSX in addition to backup buying and selling programs in Canada, if eligible, or by way of such alternative manner as is also accepted by way of securities regulatory government, together with pre-arranged crosses, absolved trade in, personal contracts underneath an issuer bid exemption sequence issued by way of securities regulatory government and prohibit purchases of Most well-liked Stocks. Purchases made underneath an issuer bid exemption sequence will probably be at a cut price to the widespread marketplace worth.

Beneath the NCIB, BCE is allowed to repurchase stocks of every respective layout of the Most well-liked Stocks as follows:

BCE is making this NCIB as it believes that, from while to while, the Most well-liked Stocks would possibly offer worth levels that don’t totally mirror their price. BCE believes that, in such instances, the repurchase of its Most well-liked Stocks represents an acceptable significance of its to be had budget.

As of October 31, 2024, underneath its stream standard direction issuer bid that commenced on November 9, 2023 and can expire on November 8, 2024, and for which the corporate gained benevolence from the TSX, BCE bought, during the amenities of the TSX and backup eligible buying and selling programs, Most well-liked Stocks as follows:

BCE will input into an automated securities acquire plan (“ASPP”) with a delegated dealer when it comes to the NCIB on or in regards to the graduation time of the NCIB. The ASPP will permit for the acquisition of Most well-liked Stocks, topic to positive buying and selling parameters, from time to time when BCE ordinarily would no longer be energetic out there because of appropriate regulatory restrictions or self-imposed buying and selling black-out sessions. Outdoor of those sessions, the Most well-liked Stocks will probably be repurchased by way of BCE at its discretion underneath the NCIB.

About BCE

BCE is Canada’s biggest communications corporate,⁵ offering complicated Bell broadband Web, wi-fi, TV, media and trade communications services and products. To be told extra, please discuss with Bell.ca or BCE.ca.

Thru Bell for Better, we’re making an investment to build a greater nowadays and a greater the following day by way of supporting the social and financial prosperity of our communities. This contains the Bell Let’s Communicate initiative, which promotes Canadian psychological fitness with nationwide consciousness and anti-stigma campaigns like Bell Let’s Communicate Moment and important Bell investment of nation help and get right of entry to, analysis and office projects during the rustic. To be told extra, please discuss with Bell.ca/LetsTalk.

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Ellen Murphy
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Richard Bengian
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Warning Relating to Ahead-Taking a look Statements

Sure statements made on this information let go are forward-looking statements, together with statements when it comes to attainable life purchases by way of BCE of its Most well-liked Stocks pursuant to the NCIB and ASPP. All such forward-looking statements are made pursuant to the “safe harbour” provisions of appropriate Canadian securities regulations and of america Non-public Securities Litigation Reform Business of 1995. Ahead-looking statements are topic to inherent dangers and uncertainties and are in line with a number of suppositions which provide be on one?s feet to the chance that unedited effects or occasions may just range materially from our expectancies. Those statements don’t seem to be promises of life efficiency or occasions and we warning you towards depending on any of those forward-looking statements. There can also be negative guarantee that BCE will repurchase any or all of the numbers of Most well-liked Stocks referred to on this information let go underneath the NCIB. Particularly, the acquisition by way of BCE of its Most well-liked Stocks pursuant to the NCIB will rely, amongst alternative, at the widespread marketplace worth from while to while of the Most well-liked Stocks. The forward-looking statements contained on this information let go describe our expectancies on the time of this information let go and, accordingly, are topic to modify later such time. Except for as is also required by way of appropriate securities regulations, we don’t adopt any legal responsibility to replace or revise any forward-looking statements contained on this information let go, whether or not on account of unused data, life occasions or another way. Ahead-looking statements are equipped herein to bring about giving details about the possible life purchases of Most well-liked Stocks by way of BCE pursuant to the NCIB and ASPP referred to above. Readers are cautioned that such data will not be suitable for alternative functions. For extra data on suppositions and dangers underlying positive of our forward-looking statements made on this information let go, please seek the advice of BCE’s 2023 Annual MD&A dated March 7, 2024, BCE’s 2024 First Quarter MD&A dated Would possibly 1, 2024, BCE’s 2024 2nd Quarter MD&A dated July 31, 2024, BCE’s 2024 3rd Quarter MD&A dated November 6, 2024 and BCE’s information let go dated November 7, 2024 pronouncing its monetary effects for the 3rd quarter of 2024, filed by way of BCE with the Canadian securities regulatory government (to be had at Sedarplus.com) and with the U.S. Securities and Alternate Fee (to be had at SEC.gov). Those paperwork also are to be had at BCE.ca.

SOURCE Bell Canada

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