TORONTO, Dec. 22 /CNW/ - Prior to his death earlier this month, Edward S.
"Ted" Rogers controlled Rogers Communications Inc. ("RCI") through his
ownership of voting shares of a private holding company. RCI has been informed
that under Mr. Rogers' estate arrangements, those voting shares, and
consequently voting control of RCI and its subsidiaries, passed to the Rogers
Control Trust, a trust of which the trust company subsidiary of a Canadian
chartered bank is Trustee and members of the family of the late Mr. Rogers are
beneficiaries. 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. The
governance structure of the Rogers Control Trust comprises the Control Trust
Chair (who acts in effect as the chief executive of the Control Trust), the
Control Trust Vice-Chair, the corporate trustee, and a committee of advisors
(the Advisory Committee). The Control Trust Chair will act as the
representative of the controlling shareholder in dealing with RCI on the
company's long-term strategy and direction, and vote the Class A voting shares
of RCI held by the private Rogers family holding companies in accordance with
the estate arrangements. The Control Trust Vice-Chair assists the Control
Trust Chair in the performance of his or her duties and both are accountable
to the Advisory Committee.
Currently, Edward Rogers is the Control Trust Chair and Melinda M. Rogers
is the Control Trust Vice-Chair. The Advisory Committee members are appointed
in accordance with the estate arrangements and include members of the Rogers
family, trustees of a Rogers family trust, and other individuals.
The Rogers Control Trust satisfies the Canadian ownership and control
requirements that apply to RCI and its regulated subsidiaries, and RCI will be
making all necessary filings relating to the Trust with the relevant Canadian
regulatory authorities in January 2009.
About the company: Rogers Communications is a diversified Canadian
communications and media company. We are engaged in wireless voice and data
communications services through Wireless, Canada's largest wireless provider
and the operator of the country's only national GSM and HSPA based networks.
Through Cable we are one of Canada's largest providers of cable television,
high-speed Internet access and telephony. Through Media, we are engaged in
radio and television broadcasting, televised shopping, magazines and trade
publications, and sports entertainment. We are publicly traded on the Toronto
Stock Exchange (TSX: RCI.A and RCI.B), and on the New York Stock Exchange
(NYSE: RCI). For further information about the Rogers group of companies,
please visit www.rogers.com.