Cable Satisfaction International Inc. Announces an Investment of Capital Communications CDPQ Inc.MONTREAL--(BUSINESS WIRE)--Sept. 27, 1999-- (ME:CSQ CSQ Certificat de Sélection du Québec (Quebec selection certificate; immigration document) CSQ Carrier Squelch (radio, scanner) CSQ Customer Satisfaction Questionnaire .A.) Cable Satisfaction International Inc. ("Csii") is pleased to announce an investment of Capital Communications CDPQ CDPQ Caisse de Dépôt et de Placement du Québec , a subsidiary of Caisse de depot et placement du Quebec, by which Capital Communications would subscribe, by way of a private placement, for 8,500,000 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. of the corporation, at a price of $3.75 per share, for a total amount of $31,875,000. The financing offer is subject to customary conditions for this type of transaction, including, among others, the approval of the applicable regulatory authorities. The 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 this placement will be used to fund the build-out of broadband networks in Portugal, the construction of a fiber-ring backbone throughout Portugal and the introduction of high-speed Internet, IP telephony, and other value-added services in Portugal. Capital Communications CDPQ invests in companies specializing in communications or telecommunications that intend to develop promising markets or consolidate their interests in such markets. Its portfolio includes investments in some sixty ventures and totals more than 2 billion dollars. Csii is a Canadian cable operator that builds and operates broadband hybrid fibre/coaxial networks in the international cable television and telecommunications markets through its subsidiaries. The subordinate voting shares of Csii are listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg . |
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