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 6, 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 7, 1999 by
/s/ Charles G. Cowan, Q.C.
------------------------------
Name: Charles G. Cowan, Q.C.
Title: Vice President and
Secretary
Exhibit 99.1
HOLLINGER INC.
SERIES II PREFERENCE SHARES
Toronto, Canada, May 6, 1999 -- Hollinger Inc. ("Hollinger")
(TSE, ME, VSE: HLG.C; NASDAQ: HLGCF) announced today that it has selected
May 12, 1999 as the Initial Period Expiry Date for its Series II Preference
Shares and that it is exercising its right to redeem for cash 13,083,526 of
the outstanding Series II Preference Shares on June 11, 1999.
At the end of their Initial Period the Series II Preference
Shares change in nature to "mirror shares" which track a fixed number of
Class A Common Shares of Hollinger International Inc. This fixed number
(called the "Exchange Number") is 0.46. This means that after May 12, 1999
each Series II Preference Share which is not redeemed will entitle the
holder to a dividend equal to the amount of any dividend on 0.46 of a Class
A Common Share of Hollinger International Inc. (less any U.S. withholding
tax thereon payable by Hollinger Inc. or any subsidiary thereof) and will
be exchangeable for 0.46 of a Class A Common Share of Hollinger
International Inc. (subject to a cash redemption option available to
Hollinger Inc.). The Exchange Number has been calculated pursuant to the
share terms by reference to the Canadian dollar equivalent of the weighted
average trading price of the Class A Common Shares of Hollinger
International Inc. on the New York Stock Exchange on the Determination
Date. The Determination Date is May 5, 1999.
Hollinger Inc. has exercised its right to purchase 13,083,526 of
the Series II Preference Shares on June 11, 1999 for a cash redemption
price per share of Cdn. $10.00 together with the 7% dividend accrued and
unpaid thereon up to such date. Such Series II Preference Shares will be
redeemed as nearly as practicable on the same pro rata basis from each
holder.
Upon completion of this redemption Hollinger Inc. will have
issued and outstanding approximately 33 million retractable common shares,
25 million Series II Preference Shares (exchangeable for an aggregate of
11.5 million Class A Common
<PAGE>
Exhibit 99.1
Shares of Hollinger International Inc.) and approximately 10.5 million
Series III Preference Shares.
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
