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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 10, 1997
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
British Columbia, Canada 0-18429 98-0121376
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(State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation)
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4126 Norland Avenue, Burnaby, British Columbia V5G 3S8
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 604-299-9321
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N/A
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
Pursuant to Form 8-K, General Instructions F, registrant hereby incorporates by
reference the press release attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit No. Description
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Exhibit 99 The Loewen Group Inc. Press Release dated December 10,
1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: December 10, 1997.
THE LOEWEN GROUP INC.
By: /s/ PETER S. HYNDMAN
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Name: Peter S. Hyndman
Title: Corporate Secretary
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EXHIBIT INDEX
Sequential
Number Exhibit Page Number
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99 The Loewen Group Inc. 4
Press Release dated December 10, 1997
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The Loewen Group Inc.
(NYSE, TSE, ME: LWN)
NEWS
FOR IMMEDIATE RELEASE
LOEWEN GROUP CHAIRMAN AND CEO
FURTHER INCREASES SHARE OWNERSHIP
VANCOUVER, BC, December 10, 1997
Raymond L. Loewen, Chairman and Chief Executive Officer of The Loewen Group
Inc. ("TLGI"), announced today that he has acquired a further 1,499,125 common
shares of TLGI on the Toronto Stock Exchange, the Montreal Exchange and the New
York Stock Exchange at market prices between November 19, 1997 and December 10,
1997. As a result, he, together with his wife Anne Loewen, beneficially own an
aggregate of 11,885,706 common shares of TLGI.
As previously reported, Mr. Loewen has options to acquire a further 1,550,747
common shares of TLGI. Under the TLGI Management Equity Investment Plan, he has
in aggregate, rights to acquire 2,000,000 common shares starting in 1999.
The purpose of this purchase is for investment purposes. Mr. Loewen intends to
hold these shares and to purchase approximately a further 800,000 shares,
subject to market conditions.
Mr. Loewen said, "The additional investment I have made in The Loewen Group
reflects my confidence in the company as well as the strategic actions we are
taking to improve operating and financial performance."
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With corporate offices in Vancouver and Philadelphia, The Loewen Group Inc. is
the second largest and fastest growing funeral home and cemetery operator in
North America in terms of revenues and assets. The Company employs approximately
17,000 people and owns or operates more than 1,000 funeral homes, over 450
cemeteries and 50 crematoria across the United States and Canada. Over 90 per
cent of the Company's revenue is derived from the United States.
The Loewen Group's website is located at http://www.loewengroup.com
