Decision CRTC 2001-278
Ottawa, 17 May 2001
Ms. Pelletier
Benson Myles
Barristers · Solicitors · Notaries
Suite 900 Atlantic Place
Water Street, P.O. Box 1538
St. John's, Newfoundland
A1C 5N8
Dear Ms. Pelletier:
Re: Application No. 2001-0423-2 - Approved
Transfer of control and shares - Regional Cablesystems Inc., on behalf of Community Cable Limited, requests authority to acquire all of the issued and outstanding shares of Community Cable Limited, licensee of cable distribution undertakings serving Conception Bay, Newfoundland.
The Commission approves the above-noted application for authority to effect a change in the effective control of Community Cable. The change in effective control will be effected through the transfer of all the issued and outstanding shares of Community Cable Limited being transferred to Regional Cablesystems Inc. This transaction may include any internal restructuring of Community Cable Limited.
The Commission notes that Regional Cablesystems Inc., a widely held Canadian company, will now exercise control over Community Cable Limited. Furthermore the Commission understands, that following the transaction, Community Cable Limited will amalgamate with Regional Cablesystems Inc.
The Commission expects the amalgamation documents to be forwarded once they become available along with an executed copy of the share purchase agreement.
The Commission will modify its ownership records to reflect the authorized ownership of Community Cable Limited as shown in the attached appendix.
All letters of approval issued by the Commission are made available for public examination at the Commission's central office. The Commission also requires you to append this letter to your licence.
Yours sincerely,
Ursula Menke
Secretary General
Att.
c.c. Community Cable Limited.
Appendix
Community Cable Limited
|
Shareholder
|
Type
|
# held
|
% of vote
|
|
Regional Cablesystems Inc.
|
Common
|
125
|
100%
|
Date Modified: 2001-05-17
|