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 April, 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
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EXHIBIT LIST
Sequential
Exhibit Description Page Number
- ------- ----------- -----------
99.1 Press Release dated April 15, 1999 5
of Hollinger Inc.
99.2 Press Release dated April 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: April 19, 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, April 15, 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
April 15, 1999 shall be $13.50 per share.
Hollinger Inc. is a Canadian-based international
newspaper company that through its subsidiaries is engaged
primarily in the publishing, printing and distribution of
newspapers and magazines in the United Kingdom, the United
States, Canada and Israel.
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
Exhibit 99.2
HOLLINGER CANADIAN PUBLISHING HOLDINGS INC. (Canada)
HOLLINGER INTERNATIONAL INC. (U.S.)
HOLLINGER INC. (Canada)
PRESS RELEASE
HOLLINGER CANADIAN NEWSPAPERS, LIMITED PARTNERSHIP
Toronto, Canada, April 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 (a Canadian company in the Hollinger group
of companies) and its affiliates intend to establish a new public vehicle
- -- Hollinger Canadian Newspapers, Limited Partnership (the "Hollinger
L.P.") -- to own and operate Canadian community newspapers and related
businesses currently owned by Hollinger Canadian and its affiliates (the
"Canadian Community Newspapers"). Upon completion of the Cdn. $200 million
private placement described below, Hollinger Canadian will hold
approximately 89% of the equity of the Hollinger L.P. and will have used
the net proceeds to reduce bank debt.
Private placement agreements have been entered into for aggregate
gross proceeds of Cdn. $200 million payable in two instalments, the first
Cdn. $60 million of which has been paid. These proceeds will be utilized by
the Hollinger L.P. to pay for a portion of the price for the Canadian
Community Newspapers to be acquired by it. Upon payment of the second
instalment and completion of the acquisition by the Hollinger L.P., private
placement subscribers will receive an aggregate of 20 million special
warrants of Hollinger L.P. Each special warrant is exercisable, at no
additional cost, for one limited partnership unit of Hollinger L.P.. The
Hollinger L.P. will prepare and file a prospectus qualifying the limited
partnership units issuable upon exercise of the special warrants. Salman
Partners Inc. acted as agent in connection with this private placement.
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2
The closing of the acquisition of the Canadian Community
Newspapers by the Hollinger L.P. is expected to occur on or about April 29,
1999. The closing of the acquisition is subject to receipt of required
consents and approvals. Hollinger Canadian or a subsidiary will manage
Hollinger L.P. and, after the exercise of all special warrants, Hollinger
Canadian and its affiliates will own approximately 89% of the Hollinger
L.P.'s outstanding units. A subsequent public offering of units of the
Hollinger L.P. is planned which would result in Hollinger Canadian's
unitholding being reduced to not less than 75%.
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
163 paid daily newspapers that the company wholly owns or has an interest
in 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 owns or has an
interest in 441 non-daily newspapers as well as magazines and other
publications.
Hollinger Canadian currently owns substantially all of the
Hollinger group's Canadian newspapers which include publications in British
Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Prince
Edward Island.
Hollinger is a Canadian-based international newspaper company
that through its subsidiaries is engaged primarily in the publishing,
printing and distribution of newspapers and magazines in the United
Kingdom, the United States, Canada and Israel.
For information please call:
Paul Healy J.A. Boultbee Peter Y. Atkinson
Vice-President, Executive Vice-President Vice-President and
Corporate Development and and CFO General Counsel,
Investor Relations Hollinger Inc. and Hollinger Inc. and
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3
Hollinger Hollinger Vice-President,
International Inc. International Inc. Hollinger
International Inc.
212-586-5666 (416) 363-8721 (416) 363-8721
