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BY FAX (604) 687-0814
Decision CRTC 2001-472
Ottawa, 3 August 2001
Mr. Peter B. Gorgopa
Associate Counsel
Allard and Company
Barristers & Solicitors
Suite 600
815 Hornby Street
Vancouver, BC
V6Z 2E6
Dear Mr. Gorgopa:
Re: Application No. 200107640 - Approved - Change of control
Focus Entertainment Group Inc., licensee of a new FM station to serve Vancouver, BC, requests authority to transfer control to 411855 British Columbia Ltd. (Cowan Properties Ltd.)
The Commission approves the above-noted application, filed on behalf of Focus Entertainment Group Inc. (Focus), for authority to transfer the control of Focus to 411855 British Columbia Ltd.
411855 is a corporation owned 100% by Cowan Properties Ltd. (Cowan), formerly the major shareholder within Focus. Further to a redistribution of shares (announced in the executed Shareholders Agreement of 12 February 2001), the 30% voting interests proposed to be held by Cowan within the licensee was replaced by a 75% voting interest ownership by its wholly-owned subsidiary, 411855. The remaining 25% voting interests have equally been distributed between the three other proposed shareholders (Andrew J. Henni, John F. Rota and Tony Rota Jr.).
Consequently, control of Focus has changed from a group control (by Messrs. Andrew J. Henni, John F. Rota and Tony Rota Jr.) to control held by 411855, with constraints imposed by the Shareholders Agreement.
The Commission will modify its ownership records to reflect the authorized ownership of Focus Entertainment Group Inc. 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
c.c.: Focus Entertainment Group Inc. (850-400 Burrard St, Vancouver V6C 3A6)
411855 British Columbia Ltd. (600-815 Hornby Street, Vancouver V6Z 2E6)
Appendix
Focus Entertainment Group Inc.
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Name
|
Class
|
# held
|
% vote
|
|
411855 British Columbia Ltd.
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Class A
|
900
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75%
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John F. Rota
|
Class A
|
100
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8.33%
|
|
Tony Rota Jr.
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Class A
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100
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8.33%
|
|
Andrew J. Henni
|
Class A
|
100
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8.33%
|
|
411855 British Columbia Ltd.
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Class B
|
300
|
30.1%
|
|
John F. Rota
|
Class B
|
233
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23.3%
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|
Tony Rota Jr.
|
Class B
|
233
|
23.3%
|
|
Andrew J. Henni
|
Class B
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233
|
23.3%
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411855 British Columbia Ltd.
|
Name
|
Class
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# held
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% vote
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Cowan Properties Ltd.
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Common
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1
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100%
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Cowan Properties Ltd.
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Name
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Class
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# held
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% vote
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Barnie Louise Cowan
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Class A
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100
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100%
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Barnie Louise Cowan
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Preferred
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96,150
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--
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Date Modified: 2001-08-23
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