Cogeco Cable announces successful completion of compulsory acquisition
PRESS RELEASE
For immediate release
Cogeco Cable announces successful completion of
compulsory acquisition
Montréal and Vancouver, April 3, 2013 – Cogeco Cable Inc. (“Cogeco Cable”) (TSX: CCA) and Peer 1
Network Enterprises, Inc. (“PEER 1”) announced today that 0957926 B.C. Ltd., an indirect wholly-owned
subsidiary of Cogeco Cable, has completed its compulsory acquisition of all of the remaining outstanding
common shares of PEER 1 (the “Common Shares”), at a price of $3.85 in cash per Common Share,
pursuant to the notice of compulsory acquisition made under Section 300 of the Business Corporations Act
(British Columbia), and now owns 100% of the outstanding Common Shares.
In addition, PEER 1 announced today that the Common Shares have been delisted from the Toronto Stock
Exchange as of the close of business (Toronto time) on March 28, 2013. PEER 1 also announced that
PEER 1 has applied to the relevant securities commissions to cease to be a reporting issuer in all applicable
jurisdictions.
ABOUT COGECO CABLE
Cogeco Cable (www.cogeco.ca) is a telecommunications corporation and is the 11th largest hybrid fibre
coaxial cable operator in North America operating in Canada under the Cogeco Cable brand name in Quebec
and Ontario, and in the United States through its subsidiary Atlantic Broadband in Western Pennsylvania,
South Florida, Maryland, Delaware and South Carolina. Its two-way broadband cable networks provide to its
residential and small business customers Analogue and Digital Television, High Speed Internet («HSI») and
Telephony services. Through its subsidiaries Cogeco Data Services and PEER 1 Hosting, Cogeco Cable
provides its commercial customers a suite of IT hosting, information and communications technology services
(Data Centre, Co-location, Managed Hosting, Cloud Infrastructure and Connectivity), with 23 data centres,
extensive fibre networks in Montreal and Toronto as well as points-of-presence in North America and Europe.
Cogeco Cable’s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CCA). For more
information about Cogeco Cable and its subsidiaries visit cogeco.ca, cogecodata.com, peer1.com and
peer1hosting.co.uk.
ABOUT PEER 1 Hosting
PEER 1 Hosting, a wholly-owned subsidiary of Cogeco Cable Inc. (TSX: CCA), is one of the world's leading
web hosting providers, specializing in Managed Hosting, Dedicated Servers, Colocation and Cloud Services.
Based out of Vancouver, Canada, with European operations headquartered in Southampton, U.K., the
company has been serving commercial customers' needs since 1999. PEER 1 Hosting is built on two
obsessions: Ping & People. Ping represents its commitment to best-in-breed technology, founded on a high
performance 10Gbps FastFiber Network(tm) connected by 19 state-of-the-art data centers. People represents
its commitment to delivering outstanding customer service to its more than 13,000 customers worldwide,
backed by a 100 percent uptime guarantee. For more information visit: www.peer1.com.
– 30 –
Medias: René Guimond
Vice President, Public Affairs and Communications
Tel.: (514) 764-4746
March Communications on behalf of PEER 1 Hosting
Sarah Love
Tel.: (617) 960-9881
PEER1HostingUS@marchpr.com
Analysts and investors: Pierre Gagné
Senior Vice President and Chief Financial Officer
Tel.: (514) 764-4756
NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release may constitute forward- looking information within
the meaning of securities laws. Forward-looking information may relate to Cogeco Cable’s or PEER
1’s future outlook and anticipated events, business, operations, financial performance, financial
condition or results and, in some cases, can be identified by terminology such as “may”, “will”, “should”,
“expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue”, “foresee”,
“ensure” or other similar expressions concerning matters that are not historical facts. In particular,
statements and information regarding Cogeco Cable’s intention to cause PEER 1 to cease to be a
reporting issuer are forward-looking statements. In addition, statements regarding Cogeco Cable’s
or PEER 1 ’s future operating results and economic performance and its objectives and strategies
are forward-looking statements. These statements are based on certain factors and assumptions
including expected growth, results of operations, performance and business prospects and
opportunities which Cogeco Cable or PEER 1, as applicable, believes are reasonable as of the
current date. While management considers these assumptions to be reasonable based on information
currently available to Cogeco Cable or PEER 1, as applicable, they may prove to be incorrect. Cogeco
Cable and PEER 1 caution the reader that the economic downturn experienced over the past f e w
years make forward-looking information and the underlying assumptions subject to greater uncertainty
and that, consequently, they may not materialize, or the results may significantly differ from Cogeco
Cable's a n d P E E R 1 ’s expectations. It is impossible for Cogeco Cable or PEER 1 to predict with
certainty the impact that the current economic uncertainties may have on future results. Forward-
looking information is also subject to certain factors, including risks and uncertainties that could
cause actual results to differ materially from what Cogeco Cable or PEER 1 currently expect. These
factors include technological changes, changes in market and competition, governmental or regulatory
developments, general economic conditions, the development of new products and services, the
enhancement of existing products and services, and the introduction of competing products having
technological or other advantages, many of which are beyond Cogeco Cable's and PEER 1’s control.
Therefore, future events and results may vary significantly from what management currently foresees.
For more exhaustive information on these risks and uncertainties, prospective purchasers should refer
to the risk factors described in the management's discussion and analysis of Cogeco Cable for the
year ended August 31, 2012 and the risk factors described in the annual information form of PEER 1 for
the fiscal year ended June 30, 2012. Prospective investors should not place undue importance on
forward-looking information and should not rely upon this information as of any other date. While
management may elect to, Cogeco Cable and PEER 1 are under no obligation and does not
undertake to, update or alter this information at any particular time, except as may be required by
law.