Rogers to buy back 1.3 million Class B shares

TORONTO – Rogers Communications plans to buy up 1.3 million of its outstanding Class B non-voting shares for cancellation in a private purchase. The aggregate purchase price is expected to be approximately $35.21 million for approximately one quarter of the Class B shares outstanding at March 31, 2009. The private agreement between Rogers and an arm's-length third party seller was made under an issuer bid exemption order issued by the Ontario Securities Commission. In the twelve months ended April 30, 2009, Rogers repurchased an aggregate 4 million Class B shares pursuant to issuer bid exemption orders issued by the Ontario Securities...