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 May, 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 May 19, 1999 of 5
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: May 20, 1999 by /s/ Charles G. Cowan, Q.C.
---------------------------
Name: Charles G. Cowan, Q.C.
Title: Vice President and
Secretary
HOLLINGER INC.
PRESS RELEASE
RIGHTS OFFERING
Toronto, Canada, May 19, 1999 -- Hollinger Inc.
("Hollinger") (TSE, ME, VSE: HLG.C, NASDAQ: HLGCF) announced today
that, subject to regulatory approval, it intends to proceed with a
retractable common share rights offering to its shareholders to raise
up to approximately Cdn. $115 million. The Ravelston Corporation
Limited (which indirectly owns approximately 63% of Hollinger's
retractable common shares) intends, subject to market conditions, to
subscribe for its pro rata share of the rights offering (approximately
Cdn. $73 million).
Each registered holder of retractable common shares on the
record date will be entitled to one right for each share held. Five
rights will entitle the holder to purchase one retractable common
share at a subscription price of Cdn. $17.50. Holders who exercise
their rights in full will be entitled to subscribe for additional
retractable common shares, if any remain available, on a pro rata
basis.
The proceeds of the rights offering will be used to repay
bank indebtedness.
The record date and expiry date for the rights offering will
be announced as soon as all regulatory approvals have been obtained.
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 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
