EX-99.1 2 ex991.htm MATERIAL CHANGE REPORT Material Change Report
Exhibit 99.1

 
Material Change Report
 
Item 1
Name and Address of Company
 
Rogers Communications Inc. (“Rogers”)
 
The principal office of Rogers is located at:
333 Bloor Street East
Toronto, Ontario
M4W 1G9
 
Item 2
Date of Material Change
 
October 11, 2005 and October 17, 2005
 
Item 3
News Release
 
News releases were issued through Canada NewsWire on October 11, 2005 and October 17, 2005.
 
Item 4
Summary of Material Change
 
On October 11, 2005, Rogers announced that it had given a notice of redemption to Microsoft R-Holdings, Inc. (“Microsoft”), a subsidiary of Microsoft Corporation, stating its intention to redeem its C$600 million 5 1/2% Convertible Preferred Securities due August 2009 (the “Preferred Securities”) in accordance with the terms of such securities. To Roger’s knowledge, Microsoft currently is the sole holder of the Preferred Securities (the “Holder”). Under the terms of the Preferred Securities, following receipt of the notice of redemption from Rogers, the Holder has 27 days in which to give notice of its intention to convert the Preferred Securities into an aggregate 17,142,857 Class B Non-Voting shares of Rogers (“Rogers Class B shares”), representing a conversion price of C$35.00 per Rogers Class B share.
 
On October 17, 2005, Rogers received a notice of conversion from Microsoft stating that it has elected to convert its Preferred Securities into Rogers Class B shares. Pursuant to the notice of conversion, Rogers intends to issue 17,142,857 Rogers Class B shares to Microsoft in the coming days, representing a conversion price of C$35.00 per Rogers Class B share.
 
Item 5
Full Description of Material Change
 
See the press releases attached hereto as Schedule A for a full description of the material change.
 
Item 6
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
 
Not applicable.
 
 

- 2 -
 
 
Item 7
Omitted Information
 
No significant facts remain confidential in, and no information has been omitted from, this report.
 
Item 8
Executive Officer
 
For further information please contact Bruce M. Mann, Vice President, Investor Relations, at (416) 935-3532.
 
Item 9
Date of Report
 
October 21, 2005
 

 

 
 
            SCHEDULE A
 
News release via Canada NewsWire, Toronto 416-863-9350

Attention Business Editors:
 
Rogers Provides Notice of Redemption of Convertible Preferred Securities
to Microsoft
 
    TORONTO, Oct. 11 /CNW/ - Rogers Communications Inc. ("Rogers" or the
"Company") today announced that it has given a notice of redemption to
Microsoft R-Holdings, Inc. ("Microsoft"), a subsidiary of Microsoft
Corporation, stating its intention to redeem its C$600 million 5 1/2%
Convertible Preferred Securities due August 2009 (the "Preferred Securities")
in accordance with the terms of such securities. To the Company's knowledge,
Microsoft currently is the sole holder of the Preferred Securities (the
"Holder").
 
    Under the terms of the Preferred Securities, following today's receipt of
the notice of redemption from Rogers, the Holder has 27 days in which to give
notice of its intention to convert the Preferred Securities into an aggregate
17,142,857 Class B Non-Voting shares of Rogers ("Rogers Class B shares"),
representing a conversion price of C$35.00 per Rogers Class B share. Given
that conversion price, Rogers expects that the Holder will exercise its
conversion right. If the Holder does not give notice of conversion, Rogers
will redeem the Preferred Securities on or about November 10, 2005.
 
    Cautionary Statement Regarding Forward Looking Information:

    This news release includes certain forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that involve
risks and uncertainties. We caution that actual future events will be affected
by a number of factors, many of which are beyond our control, and therefore
may vary substantially from what we currently foresee. We are under no
obligation to (and expressly disclaim any such obligation to) update or alter
any forward looking statements whether as a result of new information, future
events or otherwise. Important additional information identifying risks and
uncertainties is contained in our most recent Annual Reports and Quarterly
Reports and Annual Information Forms filed with the applicable Canadian
securities regulatory authorities and the U.S. Securities and Exchange
Commission.

    About the Company:

    Rogers Communications (TSX: RCI; NYSE: RG) is a diversified Canadian
communications and media company engaged in three primary lines of business.
Rogers Wireless is Canada's largest wireless voice and data communications
services provider and the country's only carrier operating on the world
standard GSM/GPRS technology platform; Rogers Cable is Canada's largest cable
television provider offering cable television, high-speed Internet access,
voice-over-cable telephony services and video retailing; and Rogers Media is
Canada's premier collection of category leading media assets with businesses
in radio, television broadcasting, television shopping, publishing and sports
entertainment. On July 1, 2005, Rogers completed the acquisition of Call-Net
Enterprises Inc. (now Rogers Telecom Holdings Inc.), a national provider of
voice and data communications services. For further information about the
Rogers group of companies, please visit www.rogers.com.
 
    %SEDAR: 00003765EF

    /For further information: Bruce M. Mann, (416) 935-3532,
bruce.mann(at)rci.rogers.com; Eric A. Wright, (416) 935-3550,
eric.wright(at)rci.rogers.com;
Archived images on this organization are searchable through CNW Photo Archive
website at http://photos.newswire.ca. Images are free to accredited members of
the media./
 
    (RCI.MV.A. RCI.NV.B. RG)

CO: Rogers Communications Inc.

CNW 12:01e 12-OCT-05
 
 

 
News release via Canada NewsWire, Toronto 416-863-9350

    Attention Business Editors:
 
    Rogers Receives Notice of Conversion of Preferred Securities from
    Microsoft

    TORONTO, Oct. 17 /CNW/ - Rogers Communications Inc. ("Rogers" or the
"Company") today received a notice of conversion from Microsoft R-Holdings,
Inc. ("Microsoft"), a subsidiary of Microsoft Corporation, stating that it has
elected to convert its C$600 million 5 1/2% Convertible Preferred Securities
due August 2009 (the "Preferred Securities") into Class B Non-Voting shares of
Rogers ("Rogers Class B shares").
 
    Conversion by Microsoft follows the October 11, 2005 notice of redemption
that was given by Rogers in accordance with the terms of the Preferred
Securities. Pursuant to the notice of conversion received today from
Microsoft, Rogers intends to issue 17,142,857 Rogers Class B shares to
Microsoft in the coming days, representing a conversion price of C$35.00 per
Rogers Class B share.

    Cautionary Statement Regarding Forward Looking Information:
 
    This news release includes certain forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that involve
risks and uncertainties. We caution that actual future events will be affected
by a number of factors, many of which are beyond our control, and therefore
may vary substantially from what we currently foresee. We are under no
obligation to (and expressly disclaim any such obligation to) update or alter
any forward looking statements whether as a result of new information, future
events or otherwise. Important additional information identifying risks and
uncertainties is contained in our most recent Annual Reports and Quarterly
Reports and Annual Information Forms filed with the applicable Canadian
securities regulatory authorities and the U.S. Securities and Exchange
Commission.

    About the Company:
 
    Rogers Communications (TSX: RCI; NYSE: RG) is a diversified Canadian
communications and media company engaged in three primary lines of business.
Rogers Wireless is Canada's largest wireless voice and data communications
services provider and the country's only carrier operating on the world
standard GSM/GPRS technology platform; Rogers Cable is Canada's largest cable
television provider offering cable television, high-speed Internet access,
voice-over-cable telephony services and video retailing; and Rogers Media is
Canada's premier collection of category leading media assets with businesses
in radio, television broadcasting, television shopping, publishing and sports
entertainment. On July 1, 2005, Rogers completed the acquisition of Call-Net
Enterprises Inc. (now Rogers Telecom Holdings Inc.), a national provider of
voice and data communications services. For further information about the
Rogers group of companies, please visit www.rogers.com.
 
    %SEDAR: 00003765EF %CIK: 0000733099

    /For further information: Bruce M. Mann, (416) 935-3532,
bruce.mann(at)rci.rogers.com; Eric A. Wright, (416) 935-3550,
eric.wright(at)rci.rogers.com;
Archived images on this organization are searchable through CNW Photo Archive
website
at http://photos.newswire.ca. Images are free to accredited members of the
media./
    (RCI.MV.A. RCI.NV.B. RG)

CO: Rogers Communications Inc.

CNW 11:02e 18-OCT-05