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Nov 5, 2021 · While Rogers Communications Inc. is a publicly traded company, it has two types of shares: Class B shares that are freely tradable but have no voting rights, and Class A shares that hold all the ...
Dec 22, 2008 · Private Rogers family holding companies controlled by the Rogers Control Trust together own approximately 90.9% of the Class A voting shares of RCI and 7.5% of the Class B non voting shares. The Rogers Control Trust holds voting control of the Rogers group of companies for the benefit of successive generations of the Rogers family.
Oct 26, 2021 · At Rogers, the family trust owns 97 per cent of the class A voting shares and 9.89 per cent of class B shares, which pay dividends but do not have voting rights. Family members also take up a ...
Sep 28, 2023 · The trust owns 97.5 per cent of the media and telecom giant’s voting Class A shares, allowing it to control the company. Rogers is currently embroiled in a legal battle with Mr. Natale, its former CEO, who is seeking at least $24-million for wrongful dismissal and breach of contract, as well as “punitive, moral, and aggravated damages.”
Nov 7, 2021 · That structure sees the family trust he chairs controlling the vast majority of voting shares, while institutions and average shareholders hold non-voting shares. The dual-class structure is ...
Oct 13, 2023 · Mr. Rogers is also the chair of the Rogers Control Trust, which controls the company through its ownership of 97.5 per cent of the voting Class A shares. The court documents reveal that the two sides in the dispute held discussions earlier this year in the hopes of privately resolving their differences, but those talks ended unsuccessfully in September.
In the days that followed, Edward used his power as chair of the Rogers Control Trust – a voting trust controlling 97.5% of the company’s voting shares, which was established by his father in 2007 for the benefit of the Rogers family and as a means to maintain control of RCI – to reinstate himself as chair and remove five members of the ...
