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 March, 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
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(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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<PAGE>
EXHIBIT LIST
Sequential
Exhibit Description Page Number
99.1 Press Release dated March 16, 1999 5
of 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: March 17, 1999 by /s/ Charles G. Cowan, Q.C.
----------------------------
Name: Charles G. Cowan, Q.C.
Title: Vice President and
Secretary
HOLLINGER INC.
HOLLINGER INC. ANNOUNCES AN OFFER TO HOLDERS
OF SERIES II PREFERENCE SHARES
Toronto, Canada, March 16, 1999 -- Hollinger Inc. ("Hollinger")
(TSE, ME, VSE: HLG.C, NASDAQ: HLGCF) announced today that it will make a
pro rata offer to convert 25 million (or $250 million) of its Series II
Preference Shares (approximately 50% of the series) into Series III
Preference Shares on a share-for-share basis. The Series II Preference
Shares are listed on the Toronto, Montreal and Vancouver stock exchanges
(HLG.PR.B) and were valued by Hollinger at $10.00 per share when issued.
The terms of the new Series III Preference Shares will provide
for a mandatory redemption on the fifth anniversary of issue for $10.00
cash per share (plus unpaid dividends) and an annual cumulative dividend,
payable quarterly, of $0.70 per share (or 7%) during the five year term.
Hollinger will have the right at its option to redeem all or any part of
the Series III Preference Shares at any time after three years for $10.00
cash per share (plus unpaid dividends). Holders will have the right at any
time to retract Series III Preference Shares for a retraction price payable
in cash which, during the first four years will be calculated by reference
to Government of Canada Bonds having a comparable yield and term, and
during the fifth year will be $9.50 per share (plus unpaid dividends in
each case).
The offer will enable holders of Series II Preference Shares who
wish to do so to continue to receive a 7% annual dividend beyond the
Initial Term of the Series II Preference Shares (which will expire as early
as May 8, 1999 and no later than November 8, 1999) and to have the right to
receive a cash payment of $10 per share after five years as holders of
Series III Preference Shares.
The offering circular will be mailed to shareholders as soon as
possible.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy shares of Hollinger Inc. or Hollinger
International Inc. in any jurisdiction in which such offer would be
unlawful. Shares of Hollinger Inc. and Hollinger International Inc. will be
offered only through the issuer bid circular.
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
