TORONTO, June 15, 2012 /CNW/ - Canadian Satellite Radio Holdings Inc. (TSX: XSR), parent of SiriusXM Canada, today announced that it has extended the expiry date of the existing Registration Rights Agreement with its significant shareholders for an additional 122 day period. The Registration Rights Agreement generally provides that, subject to certain conditions, beginning June 21, 2011, any one of Sirius XM Radio Inc., the Canadian Broadcasting Corporation, Slaight Communications Inc., CSRI Inc. and General Motors of Canada may request that the Company file a prospectus and take such other steps as may be necessary to facilitate a distribution of all or part of the shares held by that holder and any other participating holders.
The original 180 day term of the Registration Rights Agreement was set to expire on December 18, 2011 but had been extended to June 15, 2012 by an amending agreement dated December 16, 2011. Following today's announcement, the Registration Rights Agreement will expire on October 15, 2012. For more information please see the complete agreement, along with the recent amendment, filed under the Company's profile on SEDAR at www.sedar.com.
About SiriusXM Canada
Canadian Satellite Radio Holdings Inc. (TSX: XSR) operates as SiriusXM Canada. SiriusXM Canada is the country's leading audio entertainment company and broadcasts more than 120 satellite radio channels featuring premier sports, news, talk, entertainment and commercial-free music. SiriusXM Canada offers an array of content from the most recognized news and entertainment brands as well as from professional sports leagues including the NHL, NFL, MLB and CFL.
SiriusXM programming is available on a variety of devices including pre-installed and after-market radios in cars, trucks and boats, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available online at www.sirius.ca and www.xmradio.ca and on Apple, BlackBerry and Android-powered mobile devices.
SiriusXM Canada has partnerships with every major automaker and its radio products are available at more than 3,000 retail locations nationwide. To find out more about SiriusXM Canada (TSX: XSR), visit our website at www.siriusxm.ca.
Certain statements included above may be forward-looking in nature. Such statements can be identified by the use of forward-looking terminology such as "expects," "may," "will," "should," "intend," "plan," or "anticipates" or the negative thereof or comparable terminology, or by discussions of strategy. Forward-looking statements include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance or other statements that are not statements of fact, including with respect to future operating performance and merger benefits and costs synergies. Although SiriusXM Canada believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. SiriusXM Canada's forward-looking statements are expressly qualified in their entirety by this cautionary statement. SiriusXM Canada makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as required by applicable law. Additional information identifying risks and uncertainties is contained in Canadian Satellite Radio Holdings Inc.'s filings with the Canadian securities regulators, available at www.sedar.com.
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