FIL Ltd. & Affiliates Report 8.717% Stake in Rogers Communications
Ticker: RCIAF · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 733099
| Field | Detail |
|---|---|
| Company | Rogers Communications Inc (RCIAF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, telecommunications
TL;DR
**FIL Ltd. and its partners still own 8.717% of Rogers Communications' non-voting stock.**
AI Summary
FIL Limited, a Bermuda-based investment manager, and its affiliates Pandanus Partners, L.P. and Pandanus Associates, Inc., have filed an amended SC 13G/A for their holdings in Rogers Communications Inc. They collectively report beneficial ownership of 36,514,749 shares of Class B Non-Voting Common Stock, representing 8.717% of the class. This update indicates a significant, but non-controlling, passive investment in the Canadian telecommunications giant, which is important for investors to know who the major shareholders are.
Why It Matters
This filing shows that a major institutional investor, FIL Limited, maintains a substantial passive stake in Rogers Communications, providing insight into significant shareholder positions.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing and does not indicate any immediate risk or change in company control.
Analyst Insight
Investors should note that a significant institutional holder, FIL Limited, maintains a passive stake in Rogers Communications, which can provide stability but does not signal any imminent strategic changes or activist involvement.
Key Numbers
- 36,514,749 — shares beneficially owned (total Class B Non-Voting Common Stock held by FIL Limited and affiliates)
- 8.717% — percentage of class (ownership percentage of Class B Non-Voting Common Stock)
- 775109200 — CUSIP number (identifier for Rogers Communications Inc. Class B Non-Voting Common Stock)
Key Players & Entities
- FIL Limited (company) — reporting person and investment manager
- Rogers Communications Inc. (company) — the issuer of the securities
- Pandanus Partners, L.P. (company) — reporting person, affiliate of FIL Limited
- Pandanus Associates, Inc. (company) — reporting person, affiliate of FIL Limited
- Bermuda (company) — citizenship of FIL Limited
- Delaware (company) — citizenship of Pandanus Partners, L.P. and Pandanus Associates, Inc.
Forward-Looking Statements
- FIL Limited will maintain its passive investment in Rogers Communications Inc. without seeking active control. (FIL Limited) — high confidence, target: 2025-02-09
FAQ
What is the total number of Class B Non-Voting Common Stock shares beneficially owned by the reporting persons?
According to Item 7 of the filing, the total number of shares beneficially owned by FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. is 36,514,749.
What percentage of the Class B Non-Voting Common Stock does FIL Limited and its affiliates collectively own?
Item 11 of the filing states that FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. each report beneficial ownership of 8.717% of the Class B Non-Voting Common Stock.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G/A filed under?
The filing indicates that this Schedule 13G/A is filed pursuant to Rule 13d-1(b), as marked by the 'x' in the appropriate box.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Class B Non-Voting Common Stock of Rogers Communications Inc. is 775109200, as stated in the filing.
What is the address of the issuer's principal executive offices?
Item 1(b) of the filing specifies the issuer's principal executive offices as 333 BLOOR STREET EAST, 10TH FLOOR, Toronto, Ontario M4W 1G9 CA.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding ROGERS COMMUNICATIONS INC (RCIAF).