Shaw 2015 Annual Report Download - page 85

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Shaw Communications Inc.
Notes to the Consolidated Financial Statements
August 31, 2015 and 2014
[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.
Issued and outstanding
2015 2014 2015 2014
Number of securities $$
22,420,064 22,420,064 Class A Shares 22
451,471,562 439,606,326 Class B Non-Voting Shares 3,205 2,887
12,000,000 12,000,000 Series A Preferred Shares 293 293
485,891,626 474,026,390 3,500 3,182
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 2015 and 2014 are as follows:
Class A Shares
Class B Non-Voting
Shares
Number $ Number $
September 1, 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
Stock option exercises – – 5,871,621 152
Dividend reinvestment plan – – 5,993,615 166
August 31, 2015 22,420,064 2 451,471,562 3,205
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.
Share transfer restriction
The Articles of the Company empower the directors to refuse to issue or transfer any share of the Company that would
jeopardize or adversely affect the right of Shaw Communications Inc. or any subsidiary to obtain, maintain, amend or renew a
license to operate a broadcasting undertaking pursuant to the Broadcasting Act (Canada).
2015 Annual Report Shaw Communications Inc. 83