SHAW COMMUNICATIONS INC. ("SJR.A")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: April 3, 2023
TSX Venture Tier 1 Company
Plan of Arrangement:
The arrangement consists of an arm's length acquisition by Rogers Communications Inc. ("Rogers"), a TSX listed issuer, of all of the issued and outstanding Class B Non-Voting Participating Shares ("Class B Shares") and Class A Participating Shares ("Class A Shares") of the Company, with Class A Shareholders and Class B Shareholders receiving $40.50 in cash per Class A Share and Class B Share held as total consideration. This transaction will be completed by way of a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta) pursuant to the terms of an arrangement agreement dated March 13, 2021. The Class B Shares trade on the TSX under the symbol "SJR.B".
The Exchange has been advised that the Arrangement was approved on May 20, 2021 by the Class A and Class B Shareholders of the Company. The Court of King's Bench of Alberta granted the final order approving the Arrangement on May 25, 2021.
Delist:
In conjunction with the consummation of the Arrangement, the Company's Class A Shares will be delisted. Accordingly, effective at the close of business on Tuesday, April 4, 2023 the Class A Shares under the symbol SJR.A of the Company will be delisted from the TSX Venture Exchange.
For further information, refer to the Company's management information circular dated April 14, 2021 on SEDAR and its news releases dated March 15, 2021, May 20, 2021, May 25, 2021 and April 3, 2023.
________________________________________
|
|
