SC 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No....)
INTERTAPE POLYMER GROUP INC.
............................................................
(Name of Issuer)
COMMON SHARES
............................................................
(Title of Class of Securities)
460919103
.............................................................
(CUSIP Number)
Mr. Melbourne F. Yull
110E Montee de Liesse, Montreal, Quebec H4T 1N4 Canada
1-866-202-4713
............................................................
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications
October 1, 2007
.............................................................
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box.[ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
CUSIP No. 460919103
(1)Names of reporting persons. I.R.S. Identification Nos. of above persons
(entities only)
LETKO, BROSSEAU & ASS. INC.
(2) Check the appropriate box if a member of a group (see instructions)
(a)
(b)
(3) SEC use only
(4) Source of Funds (See Instructions)
OO
(5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2 (e) [ ] Not applicable
(6) Citizenship or place of organization
CANADA
Number of shares beneficially owned by each reporting person with:
(7)Sole voting power 13,607,868
(8)Shared voting power Nil
(9)Sole dispositive power 13,607,868
(10)Shared dispositive power Nil
(11)Aggregate amount beneficially owned by each reporting person
13,607,868
(12)Check if the aggregate amount in Row (11) excludes certain shares
(see instructions)
[ ] Not applicable
(13)Percent of class represented by amount in Row 11
23.1%
(14)Type of reporting person (see instructions)
OO
Item 1. Security and Issuer
The securities to which this statement on Schedule 13D relates are the
common shares, no par value (the "Common Shares"), of Intertape Polymer
Group Inc., a Canadian corporation (the "Issuer"), with principal executive
offices at 110E Montee de Liesse, Montreal, Quebec H4T 1N4 Canada.
Item 2. Identity and Background
2(a) Name of person filing:
Letko, Brosseau & Ass. Inc.
Place of organization : Canada
2(b) Address or principal business office or, if none, residence:
1800 Mc Gill College Av.
Suite 2510
Montreal, QC
H3A 3J6
Canada
2(c) The principal business of the Reporting Person is the management of
investment portfolios.
2(d) During the last five years the Reporting Person has not been
convicted in a criminal proceeding.
2(e) During the last five years the Reporting Person was not a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The net investment costs (including commissions, if any) of the Common Shares
directly owned by Letko Brosseau managed accounts is approximately
CAD$93,681,021.
Item 4. Purpose of Transaction
The Common Shares were acquired in the ordinary course of business, for
investment purposes only and not for the purpose of exercising control
or direction over Intertape Polymer Group Inc. Letko Brosseau managed
accounts may from time to time acquire additional Common Shares, dispose
of some or all of the existing Common Shares or may continue to hold the
Common Shares.
Item 5. Interest in Securities of the Issuer
As of October 1st, 2007, Letko, Brosseau & Ass. Inc. beneficially
owns 13,607,868 Common Shares, which represents 23.1% of the Issuer's
outstanding Common Shares. Letko, Brosseau & Ass. Inc. directs the
voting and disposition of 13,607,868 Common Shares representing 23.1%
of the Issuer's outstanding Common Shares.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Pursuant to a Standby Purchase Agreement entered into as of
July 30, 2007 between the Reporting Person and the Issuer,
the Reporting Person agreed to subscribe for Standby Purchaser
Rights Offering Shares and Standby Shares having an aggregate
Subscription Price equal to US$21,600,000 representing the
Reporting Person's Subscription Commitment.
With reference to the Standby Purchase Agreement between the
Reporting Person and the Issuer, the Reporting Person purchased
an additional 6,164,126 Common Shares.
Item 7. Material to be Filed as Exhibits
None.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated : November 14, 2007
LETKO, BROSSEAU & ASS. INC.
Signature DANIEL BROSSEAU
Name/Title: Daniel Brosseau/President