RATE RESET CLASS 2 PREFERRED SHARES, SERIES A, AND CUMULATIVE
REDEEMABLE FLOATING RATE CLASS 2 PREFERRED SHARES, SERIES B
Calgary, Alberta (May 28, 2021) - Shaw Communications Inc. ( Shaw or the Company ) announced today that it intends to redeem all of its issued and outstanding Cumulative Redeemable Rate Reset Class 2 Preferred Shares, Series A (the Series A Shares ) and Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B (the Series B Shares , and together with the Series A Shares, the Preferred Shares ) in accordance with their terms (as set out in the Company s articles) on June 30, 2021 (the Redemption Date ) at a price equal to $25.00 per Preferred Share (the Redemption Price ), less any tax required to be deducted or withheld. The aggregate Redemption Price payable by Shaw to redeem the Preferred Shares will be $300 million.
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chethan.lakshman@sjrb.ca
Cautionary Statement This news release includes forward-looking information within the meaning of applicable securities laws relating to, among other things, the timing and anticipated receipt of required regulatory or other approvals, the ability of the parties to satisfy the other conditions to the closing of the Arrangement and the anticipated timing for closing of the Arrangement. Forward-looking information may in some cases be identified by words such as will , anticipates , expects , intends and similar expressions suggesting future events or future performance. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-look
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