WN.PR.A Prospectus - George Weston Ltd. Preferred Shares Series I

WN.PR.A Prospectus – George Weston Ltd. Preferred Shares Series I.

The following is a set of excerpts from the prospectus document for the Series I preferreds. The excerpts, highlight the most relevant information, an investor should know when analyzing this preferred. A link to the prospectus is provided lower in this page. The original document for WN.PR.A Prospectus – George Weston Ltd. Preferred Shares Series I was used for the excerpts and the important information was highlighted for quick access.

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Excerpt: Size and initial yield

November 27, 2001:

GEORGE WESTON LIMITED

$200,000,000

8,000,000 shares

5.80% Preferred Shares, Series I

Excerpt: Reset Date and Yield Terms

The 5.80% Preferred Shares, Series I (the ‘‘Series I Preferred Shares’’) will be entitled to fixed cumulative preferred cash dividendsof $1.45 per share per annum, as and when declared by the board of directors of George Weston Limited (the ‘‘Company’’), which will accrue from the date of issue and will be payable quarterly on the 15th day of March, June, September and December in eachyear with the initial dividend, if declared, payable on March 15, 2002 in the amount of $0.4012 per share (assuming a December 4,2001 issue date). See ‘‘Details of the Offering’’.The Company may, at its option, at any time grant the holders of Series I Preferred Shares the right, but not the obligation, toconvert their shares upon notice into a further series of preferred shares of the Company. See ‘‘Details of the Offering’’.On and after December 15, 2006, the Company may, at its option, on not less than 30 nor more than 60 days’ notice, redeem forcash the Series I Preferred Shares, in whole or in part, at $26.00 per share if redeemed prior to December 15, 2007, $25.75 ifredeemed on or after December 15, 2007 and prior to December 15, 2008, $25.50 if redeemed on or after December 15, 2008 andprior to December 15, 2009, $25.25 if redeemed on or after December 15, 2009 and prior to December 15, 2010 and $25.00 ifredeemed on or after December 15, 2010, in each case together with all accrued and unpaid dividends to the date of redemption.See ‘‘Details of the Offering’’

Price: $25.00 per share to yield initially 5.80% per annum

Excerpt: Conversion Terms

The Company may at any time and from time to time, at its option, create one ormore further series of Preferred Shares of the Company, into which any Series IPreferred Shares may, at the option of the holder, be converted on ashare-for-share basis, such right to be exercised within 45 days of notice of thecreation of such further series of shares