UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __24____)*
CINEPLEX ODEON CORPORATION
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Shares
- -------------------------------------------------------------------------------
(Title of Class of Securities)
172455 10 7
- -------------------------------------------------------------------------------
(CUSIP Number)
Clifford L. Michel, Esq.
Cahill Gordon & Reindel
80 Pine Street, New York, NY 10005
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 17, 1997
- -------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 25
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
CHARLES ROSNER BRONFMAN FAMILY TRUST
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(See Instructions)
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 35,918,429
SHARES ___________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING ___________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
35,918,429
-------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,918,429
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
Page 2 of 25
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
STEPHEN ROSNER BRONFMAN
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ______________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 35,918,429
REPORTING ______________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
----------------------------------------------
10 SHARED DISPOSITIVE POWER
35,918,429
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,918,429
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
Page 3 of 25
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
ARNOLD M. LUDWICK
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES _____________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING _____________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
---------------------------------------------
CERTAIN SHARES*
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
Page 4 of 25
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
E. LEO KOLBER
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 3,503,092
SHARES ______________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 75,000
REPORTING ______________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
----------------------------------------------
10 SHARED DISPOSITIVE POWER
75,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,578,092
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
Page 5 of 25
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
CHARLES ROSNER BRONFMAN
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF, OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 3,310,658
SHARES ______________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 99,266
REPORTING ______________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
3,310,658
----------------------------------------------
10 SHARED DISPOSITIVE POWER
99,266
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,409,924
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
Page 6 of 25
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE PHYLLIS LAMBERT FOUNDATION
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 314,107
SHARES ______________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING ______________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
314,107
----------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
314,107
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
Page 7 of 25
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
LOUIS LUDWICK
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 233,772
SHARES _____________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING _____________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
233,772
---------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES * / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
Page 8 of 25
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
BOJIL EQUITIES INC.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British West Indies
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES _____________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING _____________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
3,503,092
---------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,503,092
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
Page 9 of 25
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 172455107
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
THE CHARLES ROSNER BRONFMAN DISCRETIONARY TRUST - 06-6455069
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States (Connecticut)
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ____________3,310,658________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING _____________________________________________
PERSON WITH 9 SOLE DISPOSITIVE POWER
____________3,310,658 _____________________
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,310,658
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
- -------------------------------------------------------------------------------
Page 10 of 25
<PAGE>
The statement on Schedule 13D relating to the common shares of Cineplex
Odeon Corporation ("Cineplex"), as previously filed and heretofore amended most
recently by the Charles Rosner Bronfman Family Trust (the "Trust"), Charles
Rosner Bronfman ("Bronfman"), Stephen Rosner Bronfman, Arnold M. Ludwick
("Ludwick"), E. Leo Kolber ("Kolber") and The Phyllis Lambert Foundation
("Foundation") (collectively, the "Reporting Persons"), is hereby restated and
supplemented as set forth below:
Item 1. Security and Issuer.
Unchanged from "confirming copy" of Amendment no. 22.
Item 2. Identity and Background.
Unchanged from "confirming copy" of Amendment no. 22, except as
supplemented by the following:
On December 17, 1997 Charles Rosner Bronfman contributed the 3,310,658
common shares directly owned by him to The Charles Rosner Bronfman Discretionary
Trust, a United States Trust organized under the laws of the State of
Connecticut, with its principal purpose being to invest in securities and other
business interests. Its principal business and office address is c/o Bergman,
Horowitz & Reynolds, 157 Church Street, New Haven, CT 06502. The sole trustee of
this trust is Bruce I. Judelson, a United States citizen. Mr. Judelson is a
partner of Bergman, Horowitz & Reynolds (attorneys). This trust is for the
benefit of Charles Rosner Bronfman.
On December 4, 1997 Arnold M. Ludwick made a gift of 233,772 common shares,
constituting his entire holding, to his son Louis Ludwick. Louis Ludwick is a
Canadian citizen whose principal business and occupation is sales support
manager with Tandberg Canada Inc. (video conferencing equipment) 175 Montpellier
Blvd., Montreal, Canada H4N 2G5. Arnold M. Ludwick shall cease to be a Reporting
Person upon filing of this Amendment.
On December 1, 1997 E. Leo Kolber purchased 774,374 Common Shares from
3096475 Canada Inc., a Canadian corporation wholly owned by Mr. Kolber. And on
December 4, 1997 as well, Mr. Kolber sold his then entire holding of 3,503,092
Common Shares to Bojil Equities Inc., a company established under the laws of
the British Virgin Islands ("Bojil Equities"), with its principal business and
purpose being to invest in securities and business interests of all types. Its
principal business address being c/o Tortola Corporation Company Limited at
Citco B.V.I. Limited, Wickhams Cay, P.O. Box 662, Road Town, Tortola, British
Virgin Islands. Tortola Corporation Company Limited is the sole director of
Bojil Equities. See Appendix A for information with respect to the executive
officers of Bojil Equities. The purchase price of both transactions was Cdn.
$1.60 per share.
Bojil Equities is wholly owned by The Kolber Trust, which is a trust
organized under the laws of the Cayman Islands, British West Indies, with its
principal business and purpose being to invest in securities and business
interests of all types. Its principal business and office address is c/o Cayman
International Trust Company Ltd., c/o Ansbacher Limited, Ansbacher House, Grand
Cayman, Cayman Islands, B.W.I. Information with respect to the trustee of The
Kolber Trust, which is for the benefit of the Kolber family, including Jonathan
Kolber, is set forth in Appendix B. Sen. E. Leo Kolber has retained all voting
rights with respect to the 3,503,092 Common Shares owned by Bojil Equities.
Jonathan Kolber is a dual citizen of Canada and Israel, who is a business
executive serving principally as President of Claridge Israel (1996) Ltd. at
Europe House, 37 Shaul Hamelech Blvd., Tel Aviv 64928 Israel.
During the last five years none of the Reporting Persons nor, to the best
of their knowledge, any of the persons or entities named herein or in the
appendices hereto has been (i) convicted in any criminal proceeding (excluding
traffic violations and similar misdemeanors) or (ii) a party to a court
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of which has been subject
Page 11 of 25
<PAGE>
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Unchanged from "confirming copy" of Amendment no. 22, except that:
1. The third paragraph is restated as follows:
"Sen. Kolber and a corporation wholly owned by him acquired the Common
Shares heretofore personally owned by them in various transactions dating
back to 1983 with personal funds and working capital. The total investment
(computed on an average cost basis) approximates Cdn. $16,183,193. Sen
Kolber paid such wholly owned corporation an aggregate of Cn. $1,248,999
for the Common Shares purchased as referred to in Item 2 of this Amendment
by way of a non-interest bearing demand promissory note."
2. The following paragraph is added:
"Bojil Equities acquired the Common Shares referred to in Item 1 for a
total consideration of Cdn. $5,604,947, of which Cdn. $100,000 was paid in
cash and the balance by way of a non-interest bearing demand promissory
note."
Item 4. Purpose of the Transaction.
Unchanged from Item 4 of the "confirming copy" of Amendment no. 22 as
supplemented by Item 4 of Amendment No. 23.
Item 5. Interest in Securities in Cineplex.
Unchanged from Item 5 of the "confirming copy" of Amendment no. 22, except
that reference is made to Item 2 of this Amendment and except that the first two
paragraphs thereof are restated as follows:
(a)-(b) At the close of business on December 19, 1997, the Reporting
Persons beneficially owned, directly and indirectly, an aggregate of 43,454,324
Common Shares representing approximately 42.0% of the outstanding Common Shares,
with the ownership of each Reporting Person being set forth in the table on the
following page. The percentages under the caption "Fully Diluted" give effect to
outstanding Subordinated Restricted Voting Shares of Cineplex (which represent
approximately 41.5% of the total outstanding equity), all of which may be deemed
to be beneficially owned by The Seagram Company Ltd., which owns approximately
80% of Universal Studios, Inc. (formerly MCA). The Common Shares beneficially
owned by the Reporting Persons represent approximately 24.6% of the total
outstanding equity of Cineplex.
Fully
Shareholder Common Shares (%) Diluted (%)
- ----------- ------------- --- -----------
Foundation 314,107 (0.3) (0.2)
The Charles Rosner
Bronfman Family
Trust 35,918,429 (34.8) (20.3)
Page 12 of 25
<PAGE>
Stephen Rosner
Bronfman(1) 35,918,429 (34.8) (20.3)
Charles Rosner
Bronfman(2) 3,409,924 (3.3) (1.9)
The Charles Rosner Bronfman
Discretionary Trust 3,310,658 (3.2) (1.8)
- ----------
1 Owned by the Charles Rosner Bronfman Family Trust of which Mr. Stephen
Rosner Bronfman is the principal beneficiary.
2 Reflects (i) 3,310,658 Common Shares owned by The Charles Rosner Bronfman
Discretionary Trust, and (ii) 99,266 Common Shares owned by Mr. Bronfman's
wife directly. Mr. Bronfman disclaims all beneficial interest in and to the
shares owned by his wife.
Page 13 of 25
<PAGE>
Fully
Shareholder Common Shares (%) Diluted (%)
- ----------- ------------- --- -----------
E. Leo Kolber3 3,578,092 (3.5) (2.0)
Bojil Equities 3,503,092 (3.4) (2.0)
Louis Ludwick 233,772 (0.2) (0.1)
The foregoing percentages are based on 103,352,282 shares of Common Stock
and 73,446,426 Subordinated Restricted Voting Shares outstanding as of May 14,
1997 as reported by Cineplex in its Management Information Circular for its 1997
annual meeting.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to the Securities
of Cineplex.
Unchanged from Item 6 of the "confirming copy of Amendment no. 22 as
supplemented by Item 1 of Amendment no. 23.
Item 7. Material to be Filed as Exhibits.
The following are filed with this Amendment no. 24:
1. Power of attorney from Louis Ludwick.
2. Power of Attorney from Bojil Equities Inc.
3. Power of attorney from The Charles Rosner Bronfman Discrectionary
Trust.
4. Memorandum of Agreement dated December 1, 1997 between E. Leo Kolber
and Bojil Equities Inc.
5. Memorandum of Agreement dated December 1, 1997 between E. Leo Kolber
and 3096475 Canada Inc.
6. Letter dated December 1, 1997 to E. Leo Kolber from Bojil Equities
Inc. pertaining to voting rights.
- ----------
3 Reflects 3,503,092 Common Shares owned by Bojil Equities as to which Sen.
Kolber retains all voting rights. Also includes 75,000 Common Shares owned
by Sen. Kolber's wife. Sen. Kolber disclaims all beneficial interest in and
to the shares owned by his wife.
Page 14 of 25
<PAGE>
Signatures
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: December 19, 1997
CHARLES ROSNER BRONFMAN FAMILY TRUST
CHARLES ROSNER BRONFMAN
STEPHEN ROSNER BRONFMAN
ARNOLD M. LUDWICK
E. LEO KOLBER
THE PHYLLIS LAMBERT FOUNDATION
LOUIS LUDWICK
BOJIL EQUITIES INC.
THE CHARLES ROSNER BRONFMAN DISCRETIONARY TRUST
By: /s/ Michel Boucher
---------------------------
Michel Boucher
Attorney-in-Fact
Page 15 of 25
<PAGE>
APPENDIX A
DIRECTOR AND EXECUTIVE OFFICERS
OF BOJIL EQUITIES INC.
Name and Business Address Principal Business Citizenship or
or Occupation Incorporation
Tortola Corporation Company Trust services British Virgin Islands
Limited, sole director
c/o Citco B.V.I Limited
Citco Building
P.O. Box 662
Road Town, Tortola
British Virgin Islands
The directors and executive officers of Tortola Corporation Company Limited and
their respective citizenships in parentheses following their names are Kariem
Adbellatif (Netherlands), Fay Roberts (Grenada), Hamphrey Leue (Netherlands),
Selina O'Neal (BVI), Linda Romney-Leue (BVI), Walter Reich (Canada), Agnita
Solomon (BVI), Ray George (BVI), Phillip Williams (United Kingdom), Harriette
Skelton (BVI) and Daphney Wattley (BVI).
Page 16 of 25
<PAGE>
APPENDIX B
TRUSTEES OF THE KOLBER TRUST
Name and Business Address Principal Business Citizenship or
or Occupation Incorporation
Cayman International Trust services Cayman Islands
Trust Company Ltd.
c/o Ansbacher Limited
Ansbacher House
Grand Cayman, Cayman Islands
British West Indies
The directors of Cayman International Trust Company Ltd. are Hugh Hart, John
Collins, J. Bryan Bothwell, Gary C. Linford and Roy A. N. Ellis, all of whom are
British citizens, except for Mr. Bothwell who is a citizen of the Cayman Islands
and Mr. Linford who is a citizen of the Republic of South Africa.
Page 17 of 25
EXHIBIT 1
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS THAT the undersigned, hereby
constitutes and appoints MICHEL BOUCHER and ANDREW J. PARSONS and each of
them severally, as the undersigned's true and lawful attorneys and agents,
with full power to act with or without the others and with full power of
substitution and resubstitution, to execute in the name, place and stead of
the undersigned any statement or report, including any amendment to any
statement or report, required to be filed with respect to the undersigned
under Section 13 or Section 16 of the United States Securities Exchange Act
of 1934, as amended and any rules, regulations and requirements thereunder
or any statement and report, including any amendment to any statement or
report, required to be filed withi\ respect to the undersigned under any
comparable laws, rules, regulations and requirements of any foreign
jurisdiction, and to file any of the same with the Securities and Exchange
Commission and any other appropriate U.S. and foreign regulatory
authorities, said attorneys and agents having full power and authority to
do and perform in the name and on behalf of the undersigned every act
necessary to be done in the premises as fully and as effectually as the
undersigned might or could do in person; and the undersigned hereby
ratifies and confirms all that said attorneys and agents shall do or cause
to be done by virtue hereof.
IN WITNESS WHEREOF the undersigned has subscribed these presents as of
December 4, 1997.
/s/_________________________________________
LOUIS LUDWICK
Pge 18 of 25
EXHIBIT 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS THAT the undersigned, hereby
constitutes and appoints MICHEL BOUCHER and ANDREW J. PARSONS and each of
them severally, as the undersigned's true and lawful attorneys and agents,
with full power to act with or without the others and with full power of
substitution and resubstitution, to execute in the name, place and stead of
the undersigned any statement or report, including any amendment to any
statement or report, required to be filed with respect to the undersigned
under Section 13 or Section 16 of the United States Securities Exchange Act
of 1934, as amended and any rules, regulations and requirements thereunder
or any statement and report, including any amendment to any statement or
report, required to be filed with respect to the undersigned under any
comparable laws, rules, regulations and requirements of any foreign
jurisdiction, and to file any of the same with the Securities and Exchange
Commission and any other appropriate U.S. and foreign regulatory
authorities, said attorneys and agents having full power and authority to
do and perform in the name and on behalf of the undersigned every act
necessary to be done in the premises as fully and as effectually as the
undersigned might or could do in person; and the undersigned hereby
ratifies and confirms all that said attorneys and agents shall do or cause
to be done by virtue hereof.
This Power shall be limited to the undersigned ownership of shares in
Cineplex Odeon Corporation.
IN WITNESS WHEREOF the undersigned has subscribed these presents as of
December 16, 1997.
/s/_____________________________________
TORTOLA CORPORATION COMPANY LIMITED
Director
of
BOJIL EQUITIES INC.
Pge 19 of 25
EXHIBIT 3
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS THAT the undersigned, solely in the
undersigned's capacity as a trustee of The Charles Rosner Bronfman
Discretionary Trust, hereby constitutes and appoints MICHEL BOUCHER and
ANDREW J. PARSONS and each of them severally, as the undersigned's true and
lawful attorneys and agents, with full power to act with or without the
others and with full power of substitution and resubstitution, to execute
in the name, place and stead of the undersigned any statement or report,
including any amendment to any statement or report, required to be filed
with respect to the undersigned under Section 13 or Section 16 of the
United States Securities Exchange Act of 1934, as amended and any rules,
regulations and requirements thereunder or any statement and report,
including any amendment to any statement or report, required to be filed
with respect to the undersigned under any comparable laws, rules,
regulations and requirements of any foreign jurisdiction, and to file any
of the same with the Securities and Exchange Commission and any other
appropriate U.S. and foreign regulatory authorities, said attorneys and
agents having full power and authority to do and perform in the name and on
behalf of the undersigned every act necessary to be done in the premises as
fully and as effectually as the undersigned might or could do in person;
and the undersigned hereby ratifies and confirms all that said attorneys
and agents shall do or cause to be done by virtue hereof.
IN WITNESS WHEREOF the undersigned has subscribed these presents as of
December 17, 1997.
By /s/________________________________________
Bruce I. Judelson, Trustee
Page 20 fo 24
EXHIBIT 4
MEMORANDUM OF AGREEMENT entered into at the City of Montreal, Province of Quebec
as of the 1st day of December, 1997.
BY AND BETWEEN: E. LEO KOLBER, Senator, of the City of Westmount, Province of
Quebec, therein residing at 100 Summit Circle,
(hereinafter referred to as the "Vendor")
AND: BOJIL EQUITIES, INC., a corporation incorporated under the
laws of the British Virgin Islands, herein acting and
represented by Citco B.V.I.
(hereinafter referred to as the "Purchaser")
NOW, THEREFORE, THIS AGREEMENT WITNESSETH;
1. The Vendor hereby sells, transfers and conveys to the Purchaser and the
Purchaser hereby purchases from the Vendor, three million, five hundred and
three thousand and ninety-two (3,503,092) common shares in the share capital of
Cineplex Odeon Corporation (the "Purchased Shares") for a consideration of One
Dollar and Sixty Cents ($1.60) per share, for an aggregate consideration of Five
Million, Six Hundred and Four Thousand, Nine Hundred and Forty-Seven Dollars and
Twenty Cents ($5,604,947.20) payable to the extent of:
(a) One Hundred Thousand Dollars ($100,000), receipt whereof is hereby
acknowledged; and
(b) Five Million, Five Hundred and four Thousand, Nine Hundred and
Forty-Seven Dollars and Twenty Cents ($5,504,947.20) by way of a
demand promissory note.
The Vendor hereby represents and warrants to the Purchaser the
following:
(a) that the Vendor is the beneficial owner of the Purchased Shares herein
sold and which are free and clear of all liens, charges, pledges or
other encumbrances of any kind, nature of description whatsoever;
(b) that no person, firm or corporation has any agreement, option or right
capable of becoming an agreement or option for the purchase of the of
the Purchased Shares herein sold;
(c) that the Vendor is a resident of Canada within the meaning of the
Income Tax Act (Canada); and
(d) that the Vendor has the full right, authority and capacity to enter
into this agreement.
Page 21 of 25
<PAGE>
3. The representations and warranties contained herein shall survive the
execution of this present agreement and shall continue to remain in full force
and effect.
4. The Purchase hereby acknowledges having taken cognizance of the Stockholders
Agreement among LTM Holdings, Inc., Sony Pictures Entertainment Inc., Universal
Studios, Inc., Charles Rosner Bronfman Family Trust, Charles R. Bronfman, E. Leo
Kolber, Arnold M. Ludwick, Phyllis Lambert Foundation and 3096475 Canada Inc.
dated as of September 30, 1997 and agrees to adhere thereto in accordance with
the provisions of Section 4.5 thereof.
5. The Vendor shall, from time to time, at the purchasers request and without
further consideration, execute such further instruments of conveyance and take
such other actions as the Purchaser may reasonably require to convey and
transfer more effectively to the Purchaser the Purchased Shares herein sold. The
Vendor will furthermore sign all documents and do all things necessary to give
effect to the present transaction.
6. The effective date of the present agreement shall be December 1, 1997.
7. This agreement shall be construed and interpreted in accordance with the laws
of the Province of Quebec.
8. This agreement shall enure to the benefit of and be binding upon the parties
hereto, their respective successors, administrators, representatives and
assigns.
9. The parties acknowledge that they have requested and are satisfied that the
foregoing be drawn up in English. Les parties aux presentes reconnaissent
qu'elles ont exige que ce qui precede soit redige en Anglais et s'en declarent
satisfaites.
IN WITNESS WHEREOF, the parties hereto have executed the present agreement
at the place hereinabove mentioned.
/s/
---------------------------------------
E. LEO KOLBER
TORTOLA CORPORATION COMPANY LIMITED as authorized
representative of BOJIL EQUITIES INC.
Per: /s/_______________________________
Page 22 of 25
EXHIBIT 5
MEMORANDUM OF AGREEMENT entered into at the City of Montreal, Province of Quebec
as of the 1st day of December, 1997.
BY AND BETWEEN: 3096475 CANADA INC., a corporation incorporated according to
law, herein acting and represented by Senator E. Leon Kolber,
its President
(hereinafter referred to as the "Vendor")
AND: E. LEO KOLBER, Senator, of the City of Westmount, Province of
Quebec, therein residing at 100 Summit Circle.
(hereinafter referred to as the "Purchaser")
NOW, THEREFORE, THIS AGREEMENT WITNESSETH;
1. The Vendor hereby sells, transfers and conveys to the Purchaser and the
Purchaser hereby purchases from the Vendor, seven hundred and seventy-four
thousand, three hundred and seventy-four (774,374) common shares in the share
capital of Cineplex Odeon Corporation (the "Purchased Shares") for a
consideration of One Dollar and Sixty Cents ($1.60) per share, for an aggregate
consideration of One Million, Two Hundred and Thirty-Eight Thousand, Nine
Hundred and Ninety-Eight Dollars and Forty Cents ($1,238,998.40) payable by way
of a non-interest bearing demand promissory note.
(a) One Hundred Thousand Dollars ($100,000), receipt whereof is hereby
acknowledged; and
(b) Five Million, Five Hundred and four Thousand, Nine Hundred and
Forty-Seven Dollars and Twenty Cents ($5,504,947.20) by way of a
demand promissory note.
The Vendor hereby represents and warrants to the Purchaser the
following:
(a) that the Vendor is the beneficial owner of the Purchased Shares herein
sold and which are free and clear of all liens, charges, pledges or
other encumbrances of any kind, nature of description whatsoever;
(b) that no person, firm or corporation has any agreement, option or right
capable of becoming an agreement or option for the purchase of the of
the Purchased Shares herein sold;
(c) that the Vendor is a resident of Canada within the meaning of the
Income Tax Act (Canada); and
(d) that the Vendor has the full right, authority and capacity to enter
into this agreement.
3. The representations and warranties contained herein shall survive the
execution of this present agreement and shall continue to remain in full force
and effect.
Page 23 of 25
<PAGE>
4. The Purchase hereby acknowledges having taken cognizance of the Stockholders
Agreement among LTM Holdings, Inc., Sony Pictures Entertainment Inc., Universal
Studios, Inc., Charles Rosner Bronfman Family Trust, Charles R. Bronfman, E. Leo
Kolber, Arnold M. Ludwick, Phyllis Lambert Foundation and 3096475 Canada Inc.
dated as of September 30, 1997 and agrees to adhere thereto in accordance with
the provisions of Section 4.5 thereof.
5. The Vendor shall, from time to time, at the purchasers request and without
further consideration, execute such further instruments of conveyance and take
such other actions as the Purchaser may reasonably require to convey and
transfer more effectively to the Purchaser the Purchased Shares herein sold. The
Vendor will furthermore sign all documents and do all things necessary to give
effect to the present transaction.
6. The effective date of the present agreement shall be December 1, 1997.
7. This agreement shall be construed and interpreted in accordance with the laws
of the Province of Quebec.
8. This agreement shall enure to the benefit of and be binding upon the parties
hereto, their respective successors, administrators, representatives and
assigns.
9. The parties acknowledge that they have requested and are satisfied that the
foregoing be drawn up in English. Les parties aux presentes reconnaissent
qu'elles ont exige que ce qui precede soit redige en Anglais et s'en declarent
satisfaites.
IN WITNESS WHEREOF, the parties hereto have executed the present agreement
at the place hereinabove mentioned.
3096475 CANADA INC.
Per: /s/___________________________________
E. LEO KOLBER
/s/________________________________________
E. LEO KOLBER
Page 24 of 25
EXHIBIT 6
December 1, 1997
Senator E. Leo Kolber
100 Summit Circle
Westmount, Quebec
H3Y 1N8
Dear Father:
This will serve to confirm our understanding and agreement that you shall
continue to exercise all voting rights with respect to the three million, five
hundred and three thousand, ninety-two (3,503,092) common shares of Cineplex
Odeon Corporation (as well as the shares of LTM Holdings, Inc. into which the
same may be transferred pursuant to the presently contemplated corporate
reorganization) which the undersigned has acquired this day from you.
At your request, the undersigned will execute proxies for shareholders
meetings in order to give effect to these presents.
Yours very truly, BOJIL EQUITIES
INC.
/s/________________________________________
TORTOLA CORPORATION COMPANY LIMITED
Director
Page 25 of 25
