Jean Coutu Group (PJC) Inc. (TSX:PJC.A) filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on May 1, 2013. Under the program, the company will repurchase up to 8,917,000 of its outstanding Class "A" subordinate voting shares, representing 10% of the outstanding current public float and 8.92% of the issued and outstanding common shares. The repurchases will be made from time to time through the facilities ... of the TSX and in accordance with its requirements subjected to a daily repurchase restriction of 35,845 Class "A" shares, which represents 25% of the average daily trading volume for the six-month period prior to the date hereof. The company will cancel the repurchased Class "A" subordinate voting shares. Some of those purchases may be done through private arrangements pursuant to an issuer bid exemption order issued by the "Autorité des Marchés Financiers". The repurchases will commence on May 7, 2013, and will expire on May 6, 2014. As of April 30, 2013, the company has 99,989,498 Class "A" shares issued and outstanding, of which 89,177,209 shares were held by the public.
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The Jean Coutu Group (PJC) Inc. (TSX:PJC.A) acquired 50% stake of Le Groupe Medicus Inc. on November 30, 2012. Following this transaction, Medicus will carry on its operations throughout its network of stores and maintain an independent management team.

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