Form 6-K SHAW COMMUNICATIONS INC For: May 28
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
May 28, 2021
Commission File Number: 001-14684
Shaw Communications Inc.
(Translation of registrants name into English)
Suite 900, 630 3rd Avenue S.W., Calgary, Alberta T2P 4L4 (403) 750-4500
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Shaw Communications Inc. | ||||||
Date: May 28, 2021 | By: | /s/ Trevor English | ||||
Name: | Trevor English | |||||
Title: | Executive Vice President and Chief Financial & Corporate Development Officer Shaw Communications Inc. |
EXHIBIT INDEX
Exhibit No. |
Description | |
99 | SCI Press Release May 28, 2021 |
Exhibit 99
NEWS RELEASE
SHAW TO REDEEM CUMULATIVE REDEEMABLE
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 Companys 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.
On April 14, 2021, the Companys Board of Directors declared a dividend of $0.17444 per Series A Share and $0.12956 per Series B Share, each payable on June 30, 2021 to holders of record on June 15, 2021. These will be the final dividends on the Preferred Shares, which will be paid separately from the aggregate Redemption Price and in the usual manner. Upon payment of the June 30, 2021 dividends, there will be no accrued and unpaid dividends on the Preferred Shares as at the Redemption Date.
The Company provided notice today to the registered holders of the Series A Shares and Series B Shares of its intention to redeem the Preferred Shares in accordance with their terms as set out in the Companys articles. Non-registered holders of the Series A Shares and Series B Shares should contact their broker or other intermediary for information regarding the redemption process for the Preferred Shares. The Companys transfer agent for the Preferred Shares is AST Trust Company (Canada). Questions regarding the redemption process may also be directed to AST at 1 (800) 387-0825.
There are currently 10,012,393 Series A Shares and 1,987,607 Series B Shares issued and outstanding.
The Series A Shares and Series B Shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols SJR.PR.A and SJR.PR.B, respectively.
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About Shaw Communications Inc.
Shaw Communications Inc. is a leading Canadian connectivity company. The Wireline division consists of Consumer and Business services. Consumer serves residential customers with broadband Internet, Shaw Go WiFi, video and digital phone. Business provides business customers with Internet, data, WiFi, digital phone, and video services. The Wireless division provides wireless voice and LTE data services.
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, SJR.PR.A, SJR.PR.B, NYSE SJR, and TSXV SJR.A). For more information, please visit www.shaw.ca.
For further information, please contact:
Shaw Investor Relations [email protected]
Cautionary Statement
This news release includes forward-looking information within the meaning of applicable securities laws relating to, among other things, the redemption of the Preferred Shares, including the Redemption Price (per Preferred Share and in aggregate) and the Redemption Date and the timing and the amount of dividend payments on the Preferred Shares. 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-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information.
Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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