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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) November 3, 1998
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
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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)
Exhibit Index is on page 3
Page 1 of 4
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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.
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Exhibit No. Description
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Exhibit 99 The Loewen Group Inc. Press Release dated November 3, 1998
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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: November 3, 1998
THE LOEWEN GROUP INC.
By: /s/ BRADLEY D. STAM
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Name: Bradley D. Stam
Title: Senior Vice President, Law
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EXHIBIT INDEX
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Sequential
Number Exhibit Page Number
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99 The Loewen Group Inc. 4
Press Release dated November 3, 1998
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THE LOEWEN GROUP INC.
(NYSE, TSE, ME: LWN) NEWS
Contact:
Thomas C. Franco
Broadgate Consultants, Inc.
Tel: (212) 232-2222
FOR IMMEDIATE RELEASE
RAYMOND L. LOEWEN TRANSFERS 10,062,125 COMMON SHARES
TO CANADIAN IMPERIAL BANK OF COMMERCE
VANCOUVER, BC, November 3, 1998 - Effective November 2, 1998, Raymond L. Loewen
transferred 10,062,125 Common shares of the Loewen Group Inc. to Canadian
Imperial Bank of Commerce in connection with a restructuring of a personal loan
by CIBC to Mr. Loewen.
CIBC has agreed that prior to December 2, 1998, it will not sell any of the
Pledged Shares for less than US$16 per share unless the closing price of the
Common shares on the NYSE falls below US$8 per share or Mr. Loewen consents to
the sale.
After giving effect to the transfer, Mr. Loewen owns Common shares and options
to acquire Common shares aggregating approximately 2% of the Loewen Common
shares outstanding. Anne Loewen, Mr. Loewen's wife, beneficially owns
approximately 3% of the Loewen Common shares. Mr. Loewen disclaims beneficial
ownership of Anne Loewen's shares.
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