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   Name - Microcell Telecommunications Inc

    Website -

    Symbol - MT.RT

    Cusip Number - 59501T 18 9

    Expiry Date - April 28, 2004

    News Releases

 

Microcell April 12 exchange notice correction

 

2004-04-21 16:48 MT - Rights Offering

TSX bulletin 2004-0403

 

Rights symbol:  MT.RT

Rights Cusip No.:  59501T 18 9

 

Microcell rights expire and delist on April 28

 

2004-04-12 15:43 MT - Miscellaneous

TSX bulletin 2004-0361

 

Rights symbol:  MT.RT

Rights Cusip No.:  59501T 18 9

 

Microcell rights offering

 

2004-03-29 17:15 MT - Rights Offering

TSX bulletin 2004-0321

 

Symbol:  MT.RT

Cusip No.:  59501T 18 9

Shareholder entitlement:  One right for each share held on the record date

Terms of the rights:  Five rights plus $22 for one additional share

Expiry time:  5 p.m. (Montreal time), April 28, 2004

Ex rights date:  March 31, 2004

Record date:  April 2, 2004

Designated market-maker:  Kevin Thomsen, Desjardins Securities Inc.

 

Holders of Class A restricted voting shares, Class B non-voting shares, first preferred voting shares, first preferred non-voting shares, second preferred voting shares and second preferred non-voting shares, of record as of the close on April 2, 2004, are entitled to one right for every share of the company held on such record date. Five rights entitle the holder to purchase one Class B non-voting share of the company at a price of $22 per Class B share. The rights are evidenced by transferable rights certificates registered in the names of holders of shares of record on the record date on the basis of one right for each share held. The rights will expire at 5 p.m., Montreal time, on April 28, 2004.

The shares of the company will commence trading on an ex rights basis at the open on March 31, 2004, at which time the rights will be posted for trading on a when issued basis.

The rights or Class B shares issuable on the exercise of the rights are only being offered to holders residing in Canada. Accordingly, rights certificates may not be held directly by, and subscriptions for Class B shares will not be accepted from, or on behalf of, holders whose addresses of record are not in the qualifying jurisdiction or other persons whom the company or Computershare Trust Company of Canada has reason to believe are not resident in the qualifying jurisdiction. The company will notify shareholders in non-participating jurisdictions that the rights certificates to which they are entitled will be issued to and held by Computershare, which will hold the same and the rights evidenced thereby as agent for the benefit of all shareholders in non-participating jurisdictions. Computershare will hold the rights until 5 p.m. (Montreal time) on April 19, 2004, in order to give the beneficial holders an opportunity to claim the rights certificate by satisfying the company that the issue of Class B shares pursuant to the exercise of rights will not be in violation of the laws of the applicable jurisdictions. Following that date, Computershare will attempt to sell such rights on the Toronto Stock Exchange prior to the expiry time at such prices and otherwise in such a manner as Computershare may determine in its sole discretion. The net proceeds received by the Computershare from the sale of such rights will be divided among the shareholders in non-participating jurisdictions in proportion to the number of shares held by them respectively on the record date. Notwithstanding the foregoing, the company will offer the rights to institutional investors in the United States that are institutional accredited investor under the United States Securities Act and to qualified institutional buyers within the meaning of rule 144A under the U.S. Securities Act.

Holders of a rights certificate may subscribe for Class B shares by completing form 1 on the face of the rights certificate and mailing or delivering the rights certificate so completed together with payment of $22 per Class B share subscribed for to Computershare at its principal office in Toronto so as to be received there prior to the expiry time. Only subscriptions for whole Class B shares will be accepted. No fractional Class B shares will be issued. Holders of rights certificate evidencing a total number of rights not evenly divisible by five will not be entitled to use the remaining rights (which will be less than five) to subscribe for a Class B share at the subscription price of $22 per Class B share. A holder of rights who chooses not to exercise all the rights evidenced by the rights certificate will be deemed to have elected to waive the unexercised balance of such rights and such unexercised balance of rights will be void and of no value.

Each holder of a rights certificate who has fully exercised all of its rights for the maximum number of whole Class B shares will be entitled to subscribe for additional Class B shares, if available, at a price of $22 per Class B share. If the total number of Class B shares subscribed for under this additional subscription privilege exceeds the number of Class B shares available, the available Class B shares will be allotted on a pro rata basis. The additional subscription privilege can be exercised by completing form 2 in addition of form 1 on the face of the rights certificate. Payment for additional Class B shares must accompany the rights certificate.

It is anticipated that the rights offering prospectus and rights certificates will be mailed to shareholders on or about April 6, 2004. The company has entered into a soliciting dealer agreement dated as of March 24, 2004, with Merrill Lynch Canada Inc., pursuant to which such dealer shall solicit shareholders in connection with this offering. The company will pay Merrill Lynch a fixed and a performance fee in connection with the solicitation services. There will be no commission or other fee paid per Class B share subscribed for under this offering.