| Ticker: CWG | 3100 Portage Avenue | |
| Exchange: New York Stock Exchange | Winnipeg, Foreign R3B 3L7 | |
| Industry: Service | (204) 956-2025 |
| Type of Shares: | Nonvoting Common Shares | Filing Date: | 4/26/96 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 6/4/96 | |
| Non-U.S. Shares: | 1,000,000 | Filing Price: | $28.73 | |
| Primary Shares: | 3,000,000 | Offer Price: | $29.00 | |
| Secondary Shares: | 2,000,000 | Gross Spread: | $1.45 | |
| Offering Amount: | $143,649,998 | Selling: | $0.85 | |
| Expenses: | $2,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 49,253,474 |
| Manager | Tier | Phone |
| Nomura Securities International Inc. | Lead Manager | (212) 667-9300 |
| CS First Boston | Co-manager | (212) 909-3312 |
| Prudential Securities Incorporated | Co-manager | (212) 214-3000 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 8/31/95 | 2/29/96 | 2/29/96 | |||
| Revenue: | $245.72 | $141.76 | Assets: | $514.35 | |
| Net Income: | $51.37 | $42.29 | Liabilities: | $290.83 | |
| EPS: | $1.45 | $1.00 | Equity: | $223.53 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Can West is a leading international television broadcaster with interests in broadcasting properties in Canada, Australia and New Zealand. In Canada, the Company owns and operates the CanWest Global System, Canada's largest independent broadcaster as measured by each of revenue and potential audience size. In addition, the Company owns a 57.5% economic interest (including an approximate 15% voting interest) in Network Ten, one of Australia's three private national broadcast television networks, and a 20% voting interest (with an option to purchase an additional 30% voting interest) in TV3, New Zealand's only privately-owned national broadcast television networks. The Broadcasting Companies reach approximately 35.8 million English speaking persons in markets that were expected to have generated an estimated $4.4 billion in total English and French language television advertising expenditures in 1995. |
| Use of Proceeds |
| Proceeds from the offering will be used to acquire or develop certain Canadian broadcasting opportunities currently under consideration, to increase the company's interest in TV3, to acquire or develop further broadcasting opportunities both inside and outside Canada, to repay bank indebtedness and for general corporate purposes. |
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