TM sells some shares:
TORONTO STOCK EXCHANGE - NEWBRIDGE NETWORKS CORPORATION -
TSE Bulletin No 98-1038; Newbridge, Sale From Control [458]
Canadian Market News from Market News Publishing, Friday, June 26, 1998 at 16:22
Terence H. Matthews has filed a Notice of Intention to sell up to a
total of 500,000 common shares of Newbridge Networks Corporation through
the facilities of The Exchange on or after July 2, 1998.
Mr. Matthews owns 40,313,808 common shares which constitutes 22.95% of
the common shares of Newbridge Networks Corporation's issued and
outstanding as of April 30, 1998. Of these 40,313,808 shares, 4,974,000 are
owned directly by Mr. Matthews, 32,379,153 are beneficially owned through
Kanata Research Park Corporation, of which Mr. Matthews is sole
shareholder, 1,197,900 are beneficially owned through 30908081 Quebec Inc.
of which Mr. Matthews is the sole shareholder, 16,835 are beneficially
owned through 2985314 Canada Inc. of which Mr. Matthews is the sole
shareholder and 1,745,920 are beneficially owned through 2874806 Canada
Inc. of which Mr. Matthews is the controlling shareholder.
All the above sales will be made in accordance with the orderly
marketing requirements of The Exchange as set out in Part III of Division G
of the Members' Manual.
Questions may be directed to Selma Thaver at the TSE, (416) 947-4240.
TEL: (416) 947-4700 Toronto Stock Exchange
FAX: (416) 947-4270 Marketing And Communications
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