Shaw Agrees to Purchase 1,500,000 Class B Non-Voting Shares
SJR | Quote | Chart | News | PowerRating -- Shaw Communications Inc. (TSX:SJR.B) (NYSE:SJR) ("Shaw") announced today that it has agreed to purchase for cancellation 1,500,000 of its outstanding Class B Non-Voting Participating Shares ("Class B Shares"), or approximately 0.36% of the Class B Shares outstanding as at October 31, 2009, pursuant to a private agreement between Shaw and an arm's length third party seller (the "Private Purchase") for an aggregate purchase price of $27,892,500. The transaction is expected to settle on November 26th. The Private Purchase was made under an issuer bid exemption order issued by the Ontario Securities Commission. The Class B Shares purchased under the Private Purchase will be included in calculating the number of Class B Shares that Shaw may purchase through its outstanding normal course issuer bid.
Shaw Communications Inc. is a diversified communications company whose core business is providing broadband cable television, High-Speed Internet, Digital Phone, telecommunications services (through Shaw Business Solutions) and satellite direct-to-home services (through Shaw Direct). The Company serves over 3.4 million customers, including over 1.7 million Internet and 850,000 Digital Phone customers, through a reliable and extensive network, which comprises 625,000 kilometres of fibre. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (TSX:SJR.B) (NYSE:SJR).
SOURCE: Shaw Communications Inc.
Shaw Communications Inc.
Investor Relations
Investor.relations@sjrb.ca
www.shaw.ca
For full details on Shaw Communications Cl B (SJR) SJR. Shaw Communications Cl B (SJR) has Short Term PowerRatings at TradingMarkets. Details on Shaw Communications Cl B (SJR) Short Term PowerRatings is available at This Link.
- Shaw Communications Inc.: TSN Moves to Basic Cable for the Olympic Winter Games - 02/09/10
- Shaw and CTV to Provide Extensive Olympics Coverage in French - 02/05/10
- Asia Now Closer Than Ever With Shaw Digital Phone - 02/05/10
- Shaw Direct Provides Expanded HD Experience - 02/03/10
- Shaw Communications: The Trend Continues Down (SJR) - 01/31/10
- More News >>
