Shaw 2014 Annual Report Download - page 99

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2014 and 2013
[all amounts in millions of Canadian dollars except share and per share amounts]
16. SHARE CAPITAL
Authorized
The Company is authorized to issue a limited number of Class A voting participating shares
(“Class A Shares”) of no par value, as described below, and an unlimited number of Class B
non-voting participating shares (“Class B Non-Voting Shares”) of no par value, Class 1 preferred
shares, Class 2 preferred shares, Class A preferred shares and Class B preferred shares.
The authorized number of Class A Shares is limited, subject to certain exceptions, to the lesser
of that number of shares (i) currently issued and outstanding and (ii) that may be outstanding
after any conversion of Class A Shares into Class B Non-Voting Shares.
2014 2013 2014 2013
Number of securities $ $
22,420,064 22,520,064 Class A Shares 22
439,606,326 430,306,542 Class B Non-Voting Shares 2,887 2,660
12,000,000 12,000,000 Series A Preferred Shares 293 293
474,026,390 464,826,606 3,182 2,955
Class A Shares and Class B Non-Voting Shares
Class A Shares are convertible at any time into an equivalent number of Class B Non-Voting
Shares. In the event that a take-over bid is made for Class A Shares, in certain circumstances,
the Class B Non-Voting Shares are convertible into an equivalent number of Class A Shares.
Changes in Class A Share capital and Class B Non-Voting Share capital in 2014 and 2013 are
as follows:
Class A Shares Class B Non-Voting Shares
Number $ Number $
September 1, 2012 22,520,064 2 421,188,697 2,455
Stock option exercises – – 3,564,856 79
Dividend reinvestment plan – – 5,552,989 126
August 31, 2013 22,520,064 2 430,306,542 2,660
Class A Share conversions (100,000) – 100,000 –
Stock option exercises – – 3,431,548 81
Dividend reinvestment plan – – 5,768,236 146
August 31, 2014 22,420,064 2 439,606,326 2,887
Series A Preferred Shares
The Cumulative Redeemable Rate Reset Preferred Shares, Series A (“Series A Preferred
Shares”) represent a series of class 2 preferred shares and are classified as equity since
redemption, at $25.00 per Series A Preferred Share, is at the Company’s option and payment
of dividends is at the Company’s discretion.
95