ARCHIVED - Broadcasting Decision CRTC 2002-41
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Broadcasting Decision CRTC 2002-41 |
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Ottawa, 19 February 2002 |
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Shaw Communications Inc. and Corus Entertainment Inc. |
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Application 2001-1274-8 |
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Intra-corporate reorganization |
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1. |
The Commission has completed its examination of the above-noted application filed by Shaw Communications Inc. (Shaw) and Corus Entertainment Inc. (Corus). The application seeks authority to effect an intra-corporate reorganization. |
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2. |
The proposed intra-corporate reorganization to be undertaken for estate planning purposes, involves the introduction of several holding companies and partnership arrangements to the ownership structure of both Shaw and Corus. The proposed intra-corporate reorganization is to be effected pursuant to the JR Shaw Family Agreement, dated 18 September 2001. |
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3. |
The Commission notes that, according to that agreement, JR Shaw will continue to control approximately 76% and 80% of Shaw and Corus' voting rights, respectively, through a combination of personal holdings and ownership of the voting shares in the various holding companies of the Shaw family. |
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4. |
The Commission approves the proposed intra-corporate reorganization. The Commission notes the applicants' commitment to file, upon approval of this transaction, an executed copy of the JR Shaw Family Agreement. |
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5. |
The Commission requires the applicants to adhere to this commitment, and its records will be modified to reflect the attached ownership structure only when this requirement is met. |
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Secretary General |
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| This decision is to be appended to all Shaw Communications Inc. and Corus Entertainment Inc. broadcasting licences. It is available in alternative format, upon request, and may also be examined at the following Internet site: www.crtc.gc.ca |
Appendix to Decision CRTC 2002-41 |
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OWNERSHIP STRUCTURE |
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Corus Entertainment Inc. |
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Held |
% held |
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Jim Shaw B.C. Holding Ltd. |
360,441 |
19.56 |
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Heather Shaw B.C. Holding Ltd. |
360,242 |
19.55 |
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Julie Shaw B.C. Holding Ltd. |
360,841 |
19.58 |
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Brad Shaw B.C. Holding Ltd. |
361,241 |
19.60 |
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Cathton Holdings Ltd. |
171,666 |
9.32 |
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Shaw, Leslie E. (non-Canadian) |
78,333 |
4.25 |
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Others |
64,370 |
3.49 |
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Gartrel Holdings Ltd. |
43,000 |
2.34 |
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Fowler, Kenneth R. |
19,333 |
1.05 |
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Poole, John Edward |
16,666 |
0.91 |
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Shaw, Carol |
2,250 |
0.12 |
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Heather Shaw and Family |
1,332 |
0.07 |
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Julie Shaw and Family |
1,332 |
0.07 |
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Brad Shaw and Family |
1,165 |
0.06 |
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Jim Shaw and Family |
498 |
0.03 |
Shaw Communications Inc.
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Held |
% held |
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Jim Shaw B.C. Holding Ltd. |
2,162,652 |
18.96 |
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Heather Shaw B.C. Holding Ltd. |
2,161,452 |
18.95 |
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Julie Shaw B.C. Holding Ltd. |
2,165,048 |
18.99 |
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Brad Shaw B.C. Holding Ltd. |
2,167,448 |
19.01 |
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Cathton Holdings Ltd. |
1,030,000 |
9.03 |
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Shaw, Leslie E. (non-Canadian) |
500,000 |
4.38 |
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CDS & Co. (Can.) |
328,387 |
2.88 |
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Gartrel Holdings Ltd. |
258,000 |
2.26 |
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Others |
205,181 |
1.80 |
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Morgan Stanley & Co. Inc. |
200,000 |
1.75 |
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Poole, John Edward |
100,000 |
0.88 |
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Fowler, Kenneth R. |
58,000 |
0.51 |
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Jim Shaw and Family |
31,300 |
0.27 |
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Shaw, Carol |
13,500 |
0.12 |
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Julie Shaw and Family |
8,000 |
0.07 |
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Heather Shaw and Family |
8,000 |
0.07 |
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Brad Shaw and Family |
7,000 |
0.06 |
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Shaw, JR |
2 |
0.005 |
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SCIA Holdings Ltd. |
2 |
0.005 |
Jim Shaw B.C. Holding Ltd.
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Type |
Held |
% held |
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Jim Shaw Family Trust * |
Common |
1,000 |
0.84 |
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Jim Shaw Holding Partnership * |
Preferred |
118,873.041 |
99.16 |
Heather Shaw B.C. Holding Ltd.
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Type |
Held |
% held |
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Heather Shaw Family Trust * |
Common |
1,000 |
0.84 |
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Heather Shaw Holding Partnership * |
Preferred |
118,124.498 |
99.16 |
Julie Shaw B.C. Holding Ltd.
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Type |
Held |
% held |
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Julie Shaw Family Trust * |
Common |
1,000 |
0.83 |
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Julie Shaw Holding Partnership * |
Preferred |
118,839.447 |
99.17 |
Brad Shaw B.C. Holding Ltd.
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Type |
Held |
% held |
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Brad Shaw Family Trust * |
Common |
1,000 |
0.84 |
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Brad Shaw Holding Partnership * |
Preferred |
118,850.110 |
99.16 |
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Date Modified: 2002-02-19
- Date modified: