Shaw to buy back 1.6M non-voting shares

CALGARY - Shaw Communications will purchase for cancellation 1.6 million of its outstanding Class B non-voting participating shares for an aggregate purchase price of $30.5 million.The move represents approximately 0.39% of the Class B shares outstanding as at December 31, 2009. The transaction is expected to settle on January 21, 2010.The private purchase was made under an issuer bid exemption order issued by the Ontario Securities Commission.www.shaw.ca