Lassonde Industries Inc. (TSX:LAS.A) announces a share repurchase program. Under the bid, company will repurchase up to 55,145 Class A subordinate voting shares, representing 1.7% of its issued capital and 3% of the public float. The shares will be repurchased through the facilities of The Toronto Stock Exchange or alternative trading systems. The repurchased shares will be cancelled. Under the Toronto Stock Exchange rules and policies, company is entitled on any trading day to purchase up to 1,000 Class A subordinate voting shares. Once a week, in excess of the daily 1,000 repurchase limit, company may also purchase a block of shares not owned by an insider having a purchase price of CAD 0.2 million or more, of at least 5,000 shares having a purchase price of at least CAD 0.05 million, or of at least 20 board lots of shares which total 150% or more of the average daily trading volume, the whole in accordance with the Toronto Stock Exchange rules. The bid is launched as the company feels that it may be advantageous to engage in purchases of the Class "A" subordinate voting shares, from time to time, when, in the opinion of management, they are trading at prices which reflect a discount from what management considers to be appropriate value of the Class "A" subordinate voting shares. In addition, company is of the opinion that its shareholders will benefit from the reduction of the number of Class "A" subordinate voting shares issued and outstanding as a result of purchases under the normal course issuer bid. No directors, officers or insiders of company intend to sell their Class "A" subordinate voting shares under the proposed purchase. The bid will end on or before January 13, 2016, and the company reserves the right to discontinue purchases at any time prior to January 13, 2016. As of January 1, 2015, company has 3,235,300 Class A subordinate voting shares outstanding and 1,838,194 Class A subordinate voting shares in public float.

In connection with the bid, company has established an automatic purchase plan. The plan enables the company to provide predefined instructions regarding how the Class "A" subordinate voting shares are to be repurchased on the open market during self-imposed blackout periods. The plan should terminate together with the bid. It constitutes an automatic plan for purposes of applicable Canadian securities legislation, and has been reviewed by the TSX.