SJR - SJR STOCK NEWS

Rogers has announced the acquisition of Shaw's Class A and Class B Shares for $40.50 each, valuing the transaction at approximately $26 billion, including $6 billion in Shaw debt. This offer represents a 70% premium over Shaw's recent Class B Share price. The deal aims to enhance connectivity in Western Canada through a $6.5 billion investment, creating up to 3,000 jobs. The transaction is unanimously supported by both boards and the Shaw Family Trust, and expected synergies may exceed $1 billion annually within two years.

Shaw Communications announced a floating quarterly dividend rate of 2.073% for its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B, applicable from March 31, 2021 to June 30, 2021. This dividend will reset quarterly, providing shareholders with a consistent income stream. The Series B Shares are publicly traded on the Toronto Stock Exchange under the ticker SJR.PR.B.

Shaw Communications Inc. held its annual shareholder meeting on January 13, 2021, where all proposed resolutions were adopted. Key outcomes included the re-election of thirteen directors with high approval rates, exceeding 99% for most nominees, and the appointment of Ernst & Young LLP as the Corporation's auditors with 99.998% approval. These results reflect strong shareholder support for Shaw's management and strategic direction.

Shaw Communications Inc. has declared dividends for the three-month period ending March 31, 2021. The dividends are set at $0.17444 for the Class 2 Preferred Share, Series A and $0.13181 for Series B shares. Payment is scheduled for March 31, 2021, with a record date of March 15, 2021. Both series of shares are listed on the Toronto Stock Exchange under the symbols SJR.PR.A and SJR.PR.B. The dividends qualify as “eligible” under the Income Tax Act (Canada).

Shaw Communications has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share. These dividends are payable on March 30, April 29, and May 28, 2021 to shareholders of record on March 15, April 15, and May 14, 2021, respectively. The dividends are eligible under the Income Tax Act of Canada. Shaw’s Board reviews dividend rates quarterly, ensuring shareholders are informed of their rights to dividends.

Shaw Communications announced a strong quarter ending November 30, 2020, with approximately 101,000 new Wireless customers, including 87,300 postpaid additions, representing a 31% year-over-year increase. Wireless service revenue grew by 10% to $215 million. Consolidated revenue dipped 0.9% to $1.37 billion, while adjusted EBITDA rose by 3.2% to $607 million. Free cash flow increased by 23% to $225 million. The company remains focused on its bundling strategy in Wireless and continued expansion amidst a challenging pandemic environment.

Shaw Communications will announce its Q1 financial results for the period ending November 30, 2020, on January 13, 2021, at 6:00 am MT. A conference call featuring Shaw’s management will take place at 7:30 am MT (9:30 am ET) for analysts and investors. Participants can access the call via toll-free numbers provided for Canada and the U.S., with local access numbers for Calgary, Montreal, and Toronto. The webcast will be available for live listening and recording until February 12, 2021. Shaw is a key player in Canadian connectivity services, traded as SJR on NYSE.

Shaw Communications has announced a dividend rate of 2.109% for its Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B for the period from December 31, 2020 to March 31, 2021. This floating quarterly dividend will reset each quarter, providing registered shareholders with ongoing opportunities for income. Shaw is traded on the Toronto Stock Exchange under the symbol SJR.PR.B and continues to be a significant player in Canadian connectivity, servicing both consumer and business segments with various technology solutions.

Shaw Communications has received approval from the TSX for a normal course issuer bid (NCIB) program to repurchase up to 24,532,404 Class B Shares over one year. This represents about 5% of its outstanding shares as of October 22, 2020. The NCIB, effective from November 5, 2020, intends to enhance shareholder value using free cash flow. Shaw's previous NCIB concluded on October 31, 2020, with purchases averaging $25.00 per share. Additionally, an automatic share purchase plan will facilitate buying shares during regulatory restrictions.