MONTREAL, QUEBEC and VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/03/13 -- 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 www.cogeco.ca, www.cogecodata.com, www.peer1.com and www.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.
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