Three directors leave WIC board

Article Abstract:

WIC Western International Communications Ltd.'s three directors, namely Edmondo Giacomelli, Roderick McLennan and Michael Francis have tendered their resignations effective Jun. 5, 1998. The moves of the three directors paved the way for Calgary, Canada-based Shaw Communications Inc., the new majority owner of WIC, to soon secure seats on the WIC board. Shaw, which is the second-largest cable firm in Canada, reported on Jun. 8, 1998, the company has acquired an additional 255,635 class B non-voting shares of WIC, thus making Shaw to own a total of 13.6 million, or 52.1%, of WIC class B non-voting shares.

Comment:

Its 3 directors, namely Edmondo Giacomelli, Roderick McLennan and Michael Francis have resigned effective 6/5/98

Computer Services, Computer Systems Design and Related Services, Information technology services, WIC Western International Communications Ltd.

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Rogers replaces head of cable TV unit

Article Abstract:

Rogers Communications Inc. has replaced Jos Wintermans, the president of its cable TV division Toronto, Canada-based Rogers Cablesystems Ltd., Canada's biggest cable firm. Ted Rogers, Rogers Communications president and controlling shareholder, will be the interim chief of Rogers Cablesystems until a replacement is found. A former executive of Canadian Tire Corp. Ltd. before joining Rogers Communications, Wintermans was replaced because of his lack of cable TV experience, according to Rogers Communications Vice-Chairman Phil Lind.

Comment:

Replaces Jos Wintermans, the president of its cable TV division Toronto, Canada-based Rogers Cablesystems

Rogers Communications Inc.

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Shaw plans $150-million offering

Article Abstract:

Shaw Communications Inc. of Calgary, Alberta, plans to raise US$150 million in preferred shares. The company has filed a preliminary prospectus with the Alberta Securities Commission and the US Securities and Exchange Commission to sell the shares in the US retail market. Meanwhile, the company, which has gained more than 50% equity in WIC International Communications Ltd., has been talking with WIC's other suitor, CanWest Global Communications Corp., which only has about 44% of the total WIC equity.

Comment:

Plans to raise US$150 million in preferred shares

Securities issued, listed, Alberta, Shaw Communications Inc.

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