SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July, 1999
HOLLINGER INC.
(Translation of registrant's name into English)
10 Toronto Street
Toronto, Ontario M5C 2B7
CANADA
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F Form 40-F x
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes No x
<PAGE>
EXHIBIT LIST
Sequential
Exhibit Description Page Number
- ------- ----------- -----------
99.1 Press Release dated July 14, 1999 5
of Hollinger Inc.
99.2 Press Release dated July 15, 1999 6
of Hollinger Canadian Publishing
Holdings Inc., Hollinger
International Inc. and Hollinger Inc.
<PAGE>
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, thereunto duly authorized.
HOLLINGER INC.
Date: July 16, 1999 by /s/ Charles G. Cowan, Q.C.
-----------------------------
Name: Charles G. Cowan, Q.C.
Title: Vice President and
Secretary
Exhibit 99.1
HOLLINGER INC.
RETRACTION PRICE OF RETRACTABLE COMMON SHARES
Toronto, Canada, July 14, 1999 -- Hollinger Inc. (TSE, ME, VSE:
HLG.C; NASDAQ: HLGCF) announces that the Retraction Price of the
retractable common shares of the Corporation as of July 15, 1999 shall
continue to be $13.50 per share.
Hollinger is a Canadian-based international newspaper company
that, through its subsidiaries, is engaged in the publishing, printing and
distribution of newspapers and magazines in the United Kingdom, the United
States, Canada and Israel. Web sites are operated at all of its major
newspapers. It owns the Canada.com national portal site and a variety of
other specialized sites. Through its Hollinger Digital subsidiary, it has
taken investment positions in various Internet-based companies. For further
information please call:
J. A. Boultbee Peter Y. Atkinson
Executive Vice-President and CFO Vice-President and General Counsel
Hollinger Inc. Hollinger Inc.
(416) 363-8721 (416) 363-8721
NORTH AMERICAN DISCLOSURE NETWORK (ENGLISH) (FRENCH) TRANSLATION
For Immediate Release on Thursday, July 15, 1999
HOLLINGER CANADIAN PUBLISHING HOLDINGS INC. (Canada)
HOLLINGER INTERNATIONAL INC. (U.S.)
HOLLINGER INC. (Canada)
HOLLINGER CANADIAN NEWSPAPERS, LIMITED PARTNERSHIP
Toronto, Canada, July 15, 1999 - Hollinger Canadian Publishing
Holdings Inc. ("Hollinger Canadian") (TSE, ASE: HCP.U) and its affiliates,
Hollinger Inc. ("Hollinger") (TSE, ME, VSE: HLG.C; Nasdaq: HLGCF) and
Hollinger International Inc. ("Hollinger International") (NYSE: HLR),
announce that Hollinger Canadian Newspapers, Limited Partnership (the
"Partnership") has filed a final prospectus to qualify its public offering
of C$40 million (4 million units at C$10 per unit). This offering is
underwritten by a syndicate led by CIBC World Markets Inc. and Salman
Partners Inc. The underwriters have an over allotment option for up to an
additional C$6,000,000 (or 600,000 units). The Partnership also issued 20
million units on July 7, 1999 pursuant to a prospectus which qualified its
C$200 million private placement completed on April 30, 1999. These
offerings establish a C$240 million public float for the Partnership which
will be listed on The Toronto Stock Exchange on completion of the public
offering which is expected to occur at the end of July.
The public offering accomplishes the Hollinger group's objective
of creating a liquid public investment vehicle to allow investors to
participate directly in the cash flow generated from its Canadian community
newspaper assets. One or more additional public offerings may be undertaken
as and when market conditions permit to reduce Hollinger Canadian's
percentage interest from 85% (giving effect to the public offering) to 75%.
Hollinger Canadian's 85% interest in the Partnership would be valued at
approximately C$1.36 billion (or U.S. $900 million) using the public
offering price of C$10 per unit. Hollinger International owns all of the
participating equity of Hollinger Canadian. Hollinger Canadian also owns,
outside of the partnership, the Hollinger group's Canadian metropolitan and
national newspapers.
The net proceeds of the Partnership's public offering will be
applied to reduce bank debt of the Hollinger International group of
companies.
<PAGE>
The Partnership is a leading Canadian publisher of daily and
weekly newspapers, magazines and specialty publications. The Partnership's
publications include 48 daily community newspapers, 180 non-daily
newspapers and shopping guides (comprised of 25 paid and 155 unpaid
publications), and 106 magazines and specialty publications. These
publications are generally strategically clustered and are primarily
distributed in communities in smaller urban, suburban and rural markets
across Canada.
Hollinger International, through its subsidiaries and affiliated
companies, is a leading publisher of English-language newspapers in the
United States, the United Kingdom, Canada and Israel. Included among the
company's 163 paid daily newspapers are the Chicago Sun-Times, The Daily
Telegraph (London) and The Ottawa Citizen. These 163 newspapers have a
world-wide daily combined circulation of approximately 4,451,000. In
addition, the company publishes 441 non- daily newspapers as well as
magazines and other publications.
Hollinger is a Canadian-based international newspaper company
that, through its subsidiaries, is engaged in the publishing, printing and
distribution of newspapers and magazines in the United Kingdom, the United
States, Canada and Israel. Web sites are operated at all of its major
newspapers. It owns the Canada.com national portal site and a variety of
other specialized sites. Through its Hollinger Digital subsidiary, it has
taken investment positions in various Internet- based companies.
For information please call:
J.A. Boultbee Peter Y. Atkinson
Executive Vice-President and CFO Vice-President and General Counsel
Hollinger Inc. Hollinger Inc.
(416) 363-8721 (416) 363-8721
