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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 ...
- How Ted Rogers's preoccupation with family control planted ...
While Rogers Communications Inc. is a publicly traded...
- How Ted Rogers's preoccupation with family control planted ...
- Introduction
- Background
- Decision
- Comment
Rogers Communications Inc. (RCI) is a public telecommunications and media company with a dual-class share structure comprised of Class A voting shares and Class B non-voting shares. RCI’s Class A and B shares are traded on the Toronto Stock Exchange (TSX) and its Class B shares are traded on the New York Stock Exchange. On November 5, 2021, the Sup...
The Rogers Control Trust (the RCT) is the controlling shareholder of RCI and, either directly or through private Rogers family companies controlled by the RCT, beneficially owns 97.5 per cent of the issued and outstanding Class A voting shares. Pursuant to the governing documents of the RCT, Edward Rogers, as the Control Trust Chair, is able to dir...
In determining the validity and effectiveness of the Consent Resolution, the court considered the provisions of both the articles of RCI (the Articles) and the Business Corporations Act (British Columbia) (the Act). The court adopted a largely black-letter analysis, approaching the wording of the Articles and Act as a whole in their grammatical and...
The Supreme Court of British Columbia’s decision in Rogers v. Rogers Communications Inc. provides a valuable lesson for investors in public companies with dual-class or similar share ownership structures. Notwithstanding an issuer’s public statements committing to good corporate governance, British Columbia courts are likely to interpret the rights...
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.
Nov 5, 2021 · The Rogers Control Trust, and other family holding companies it controls, together own 97.5 per cent of the company’s voting class A shares, according to the company’s 2021 management ...
- Globe Staff
Rogers Communications Inc., the hotly contested and highly public dispute between members of the Rogers family for control over the public telecommunications and media giant, Rogers Communications Inc. (RCI). 1 The high-profile dispute has reinvigorated the debate over dual-class share structures in Canadian public companies where, as is the case with RCI, publicly traded shares maintain no ...
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.
