Shaw Communications Inc (SJR)
2 Dec 2016
Latest Key Developments (Source: Significant Developments)
Shaw Communications Inc:Expects FY 2015 consolidated operating income before restructuring costs and amortization growth to range from 5- 7 pct with the inclusion of ViaWest which is expected to contribute about $85 mln.Reported EBIT of $1.439 bln in FY 2014.FY 2015 EBIT of $1.559 bln - Thomson Reuters I/B/E/S. Full Article
Shaw Communications Inc:Increased the equivalent annual dividend rate to $1.185 on its Class B Non-Voting Participating Shares and $1.1825 on its Class A Participating Shares, representing an increase of 8 pct or $.085 per share.Says dividends are declared and paid on a monthly basis and this increase will commence March 30. Full Article
Shaw Communications Inc:Says it has amended the terms of its five-year $1 bln bank credit facility with its syndicate of ten financial institutions.Including The Toronto-Dominion Bank as lead arranger and sole bookrunner, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Bank of Nova Scotia as syndication agents and Bank of Tokyo-Mitsubishi UFJ (Canada) as documentation agent.Maturity date of the facility has been extended from Jan. 2017 to Dec. 2019.Facility is used for general corporate purposes. Full Article
Nov 2 Shaw Communications Inc reported a smaller-than-expected quarterly profit, largely due to costs associated with the launch of its low-priced internet service.