Reorganization of Shaw family holdings in Shaw Communications Inc.
November 03, 2015
Calgary, Alberta (November 3, 2015) — Shaw Communications Inc. (the “Company”) has been advised that JR Shaw and members of his family and corporations and trusts which they collectively own or control (collectively, the “Shaw Family Group”) have completed an internal reorganization of their holdings of Class A Voting Participating Shares and Class B Non-Voting Participating Shares of the Company (the “Reorganization”) as part of ongoing estate planning for JR Shaw and his family.
According to information provided to the Company, both before and after completion of the Reorganization, the Shaw Family Group beneficially owned, and continues to own, 17,782,600 Class A Voting Participating Shares and 36,416,426 Class B Non-Voting Participating Shares of the Company, and accordingly the Reorganization does not affect the Company.
The Reorganization involves consolidating indirect beneficial ownership of the Class A Voting Participating Shares of the Company in the Shaw Family Living Trust (“SFLT”), a trust established as part of the Reorganization for the benefit of descendants of JR and Carol Shaw. The sole trustee of SFLT is a private Alberta corporation owned and controlled by JR Shaw and, accordingly, JR Shaw retains control of the Company.
Approval of the Reorganization was obtained from the Canadian Radio-Television and Telecommunications Commission (CRTC).
About Shaw Communications Inc.
Shaw Communications Inc. is a diversified communications and media company, serving 3.2 million customers through a reliable and extensive fibre network. Shaw serves consumers with broadband Internet, WiFi, Digital Phone and Video products and services. Shaw Business Network Services provides business customers Internet, data, WiFi, telephony, Video and fleet tracking services. Shaw Business Infrastructure Services offers North American enterprises colocation, cloud and managed services through ViaWest. Shaw Media provides Canadians with engaging programming content through one of Canada’s largest conventional television networks, Global Television, and 19 specialty networks including HGTV Canada, Food Network Canada, HISTORY® and Showcase. Shaw is traded on the Toronto and New York stock exchanges and is included in the S&P/TSX 60 Index (Symbol: TSX – SJR.B, NYSE – SJR). For more information, please visit www.shaw.ca.
For further information, please contact:
Shaw Investor Relations email@example.com