COGECO CABLE INC. ANNOUNCES EXERCISE OF $19 MILLION UNDERWRITERS’ OVER-ALLOTMENT OPTION
For immediate release
COGECO CABLE INC. ANNOUNCES EXERCISE OF $19 MILLION
UNDERWRITERS’ OVER-ALLOTMENT OPTION
TREASURY OFFERING OF SUBORDINATE VOTING SHARES
Montréal (Québec), January 22, 2007 –
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Cogeco Cable Inc. (“Cogeco Cable”) announced today that the underwriting syndicate co-led by
Scotia Capital Inc., GMP Securities L.P., BMO Nesbitt Burns Inc., and CIBC World Markets Inc.
has exercised in whole its over-allotment option to purchase an additional 500,000 subordinate
voting shares at $38.50 per share for gross proceeds of $19,250,000, in respect of its previously
announced public offering.
The subordinate voting shares are being distributed to the public pursuant to a short form
prospectus filed with securities regulatory authorities in each province and territory of Canada.
The closing with respect to the over-allotment option is expected to take place concurrently with
the closing of the previously announced offering, on or about February 2, 2007, and is subject to
customary closing conditions.
ABOUT COGECO CABLE
Cogeco Cable (www.cogeco.ca), a telecommunications company offering a diverse range of
services to its customers in Canada and in Portugal, is the second largest cable operator in
Ontario, Québec and Portugal, in terms of the number of basic cable service customers served.
The Corporation invests in state-of-the-art broadband network facilities, delivers a wide range of
services over these facilities with great speed and reliability at attractive prices, and strives to
provide both superior customer care and growing profitability to satisfy its customers’ varied
electronic communication needs. Through its two-way broadband cable networks, Cogeco
Cable provides its residential and commercial customers with analog and digital video and audio
services, high speed Internet access as well as telephony services. The Corporation provides
about 1,649,000 revenue-generating units (RGUs) to approximately 1,439,000 home s passed in
its Canadian service territory and about 650,000 RGUs to approximately 829,000 homes
passed in its Portuguese service territory. Cogeco Cable’s subordinate voting shares are listed
on the Toronto Stock Exchange (CCA).
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Information: Pierre Gagné
Vice President, Finance and Chief Financial Officer
Tel.: (514) 874-2600
Director, Corporate Communications
Tel.: (514) 874-2600