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Broadcasting Decision CRTC 2002-205
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Ottawa, 26 July 2002
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Rawlco Capital Ltd.
Saskatoon, Prince Albert and Regina, Saskatchewan
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Applications 2002-0323-2, 2002-0335-7, 2002-0336-5
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Intracorporate reorganization - Transfer of control
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1.
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The Commission has received applications by Rawlco Capital Ltd. (RCL), submitted on behalf of 614546 Saskatchewan Ltd. (614546), Central Broadcasting Company Limited (CBCL) and Rawlco Radio Ltd. (RRL), to effect an intracorporate reorganization within the Rawlco Group of corporations.
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2.
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The corporate reorganization involves the following transactions:
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a) the transfer of 100% of the Common A voting shares of 614546 from Rawlco Inc. to Lobstick Investments Inc. (Lobstick), a corporation ultimately owned and controlled by Gordon S. Rawlinson (G. Rawlinson);
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b) the transfer of 100% of the Common A voting shares of CBCL, a wholly-owned subsidiary of G. Rawlinson, to Lobstick; and
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c) the transfer of 100% of the Class B voting shares of RRL from G. Rawlinson to Lobstick. RRL is currently owned equally by G. Rawlinson and Lobstick, each holding a 50% interest.
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3.
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Following these transactions, the applicant proposed to amalgamate the licensee corporations 614546, CBCL and RRL under a new licensee corporation, Rawlco Radio Ltd. (New RRL); and to wind up Rawlco Inc. into Rawlco Capital Ltd., which currently owns 89.18% of Lobstick. These two transactions do not require Commission approval.
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4.
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614546 is the licensee of CJDJ-FM Saskatoon, Saskatchewan. CBCL is the licensee of CKBI (AM), CFMM-FM and CHQX-FM Prince Albert, Saskatchewan. RRL is the licensee of CFMC-FM, CKOM (AM) Saskatoon; CIZL-FM, CJME (AM) and CKCK-FM Regina, Saskatchewan.
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5.
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The Commission notes that the transactions will result in a transfer of effective control of 614546, CBCL and RRL to Lobstick. However, ultimate control will remain in the hands of Gordon S. Rawlinson.
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6.
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The Commission approves the transfer of effective control of the above-noted companies.
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7.
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The Commission will modify its ownership records of the Rawlco Group of radio corporations to reflect the attached appendix.
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Secretary General
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This decision is to be appended to the licence. It is available in alternative format upon request, and may also be examined at the following Internet site: www.crtc.gc.ca
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Appendix to Broadcasting Decision CRTC 2002-205
Rawlco Radio Ltd. (New RRL)
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Name
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Class
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# held
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% vote
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Lobstick Investments Inc.
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Class A
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100
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100%
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Lobstick Investments Inc.
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Class B
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100
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100%
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Lobstick Investments Inc.
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Name
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Class
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# held
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% vote
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Rawlco Capital Ltd.
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Class A
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100,000
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100%
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Rawlco Capital Ltd.
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Class C
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3,000
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100%
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Rogers Broadcasting Limited
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Class D
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12,500
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100%
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(Rawlco Capital Ltd. owns 89.18% of the voting rights, while Rogers Broadcasting Limited owns the remaining 10.82%)
Rawlco Capital 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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Rawlco Enterprises Ltd.
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Class A
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100
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100%
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565509 Saskatchewan Ltd.
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Class B
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10,000
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--
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Kathed Capital Inc.
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Class B
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4,650
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--
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Rawlco Enterprises Ltd.
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Class E
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85,350
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100%
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Kathed Capital Inc.
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Preferred C
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720,000
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--
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Shaw Cablesystems Company
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Preferred F
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10,000
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--
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Rawlco Enterprises 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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Gordon S. Rawlinson
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Class A
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100
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100%
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Gordon S. Rawlinson
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Class B
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100,000
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--
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Gordon S. Rawlinson
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Preferred C
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1,979,600
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--
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Gordon S. Rawlinson
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Preferred D
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50,000
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--
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Gordon S. Rawlinson
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Preferred E
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50,000
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--
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Gordon S. Rawlinson
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Preferred F
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180,000
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--
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Date Modified: 2002-07-26
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