Shaw buys back 1.5M non-voting shares

CALGARY – Shaw intends to purchase for cancellation 1.5 million of its outstanding Class B non-voting participating shares for an aggregate purchase price of almost $28 million.This represents approximately 0.36% of its outstanding Class B shares as at October 31, 2009. The private purchase was made under an issuer bid exemption order issued by the Ontario Securities Commission. The transaction is expected to settle on November 26, 2009.www.shaw.ca