Cable Satisfaction International Inc: Csii Sells 5,300,000 Subordinate Voting Shares.MONTREAL--(BUSINESS WIRE)--Oct. 5, 1999-- (ME:CSQ CSQ Certificat de Sélection du Québec (Quebec selection certificate; immigration document) CSQ Carrier Squelch (radio, scanner) CSQ Customer Satisfaction Questionnaire .A.) A syndicate of underwriters led by CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Inc. and including Canaccord Capital Corporation, Nesbitt Burns Inc. and National Bank Financial Corp., agreed yesterday to purchase from Cable Satisfaction International Inc. (Csii) 5,300,000 subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. at a price of $3.75 per share, for a total amount of $19,875,000, subject to customary closing conditions. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $18,483,125 will be used to fund the build-out of broadband networks in Portugal, the construction of a fibre-ring backbone throughout Portugal and the introduction of high speed Internet, IP telephony and other value-added services in Portugal. The offering is being done pursuant to a final prospectus filed in all Canadian provinces as of October 4, 1999. Csii is a Canadian cable operator that builds and operates hybrid fibre optic and coaxial broadband networks in the international cable television and telecommunications markets through its subsidiaries. The subordinate voting shares of Csii are listed on the Montreal Exchange. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has conditionally agreed to list the subordinate voting shares of Csii, subject to Csii complying with the requirements of this exchange on or before December 29, 1999. |
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