0000950103-13-006130.txt : 20131022 0000950103-13-006130.hdr.sgml : 20131022 20131022170744 ACCESSION NUMBER: 0000950103-13-006130 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20131022 FILED AS OF DATE: 20131022 DATE AS OF CHANGE: 20131022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CANADIAN NATIONAL RAILWAY CO CENTRAL INDEX KEY: 0000016868 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 980018609 STATE OF INCORPORATION: A8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02413 FILM NUMBER: 131164208 BUSINESS ADDRESS: STREET 1: 935 DE LA GAUCHETIERE ST W STREET 2: MONTREAL QUEBEC CITY: CANADA STATE: A8 ZIP: H3B 2M9 BUSINESS PHONE: 5143996569 MAIL ADDRESS: STREET 1: 935 DE LA GAUCHETIERE ST WEST STREET 2: MONTREAL QUEBEC CITY: CANADA H3B 2M9 STATE: A8 ZIP: 00000 6-K 1 dp41418_6k.htm FORM 6-K
 
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Report of Foreign Issuer
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
For the month of October, 2013
 
Commission File Number: 001-02413
 
Canadian National Railway Company
(Translation of registrant’s name into English)
 
935 de la Gauchetiere Street West
Montreal, Quebec
Canada H3B 2M9
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F           Form 40-F    X  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes           No    X  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes           No    X  

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes           No    X  

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
 
 
 
 
 
Canadian National Railway Company

Table of Contents
 
Item
 
 
 
 
 
 
 
 
 
Form:  12   
NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID (“NCIB”)
Issuer Name: CANADIAN NATIONAL RAILWAY COMPANY                             
 Stock Symbol: CNR
 
 

1.  
Securities Sought – State the following:

 
a)  
Class(es) of securities subject to the NCIB:  Common Shares

 
b)  
Total number of securities:

 
i)
issued and outstanding: (as of October 15, 2013): 417,992,780

 
ii)
if applicable, in the total public float :  (as of October 15 2013): 364,951,785

 
c)
Percentage of securities that may be purchased under the NCIB:

 
i)
% of issued and outstanding (maximum 5%):  n/a

 
ii)
% of the public float, as the case may be (maximum 10%): 4.11%

 
d)
Maximum number of securities that may be acquired under the NCIB:  36,495,178

 
e)
Number of securities the issuer actually intends to acquire under the NCIB (i.e., not necessarily the maximum):  Up to 15,000,000 CNR Common Shares.
 
 
f)
Is the issuer an investment fund:  No

 
i)
If the answer is NO, the average daily trading volume for six months prior to date hereof:  657,071 shares traded daily on average for the period of April 1, 2013 to September 30, 2013.

 
g)
Does the issuer have a class of restricted securities:  No

If the answer is YES:

 
i)
describe the voting rights of all equity securities:  N/A

 
ii)
if the issuer does not propose to make the same NCIB for all classes of voting and equity securities, the reasons for so limiting the NCIB:  N/A
 
 
h)
Whether the securities are going to be cancelled. If such securities are not cancelled, state how such securities will be dealt with:Securities will be cancelled.


2.
Duration – State the dates on which the NCIB will commence and terminate. The NCIB may not extend for a period of more than one year from the date on which purchases may commence: October 29, 2013 up to and including October 23, 2014.

3.
Method of Acquisition – State the following:

 
a)
whether purchases will be effected through the facilities of TSX and identify any other exchanges or market places on which purchases will be made:  Yes – the TSX and the NYSE or alternative trading systems, if eligible, or by such other means as may be permitted by the TSX, including pre-arranged crosses.
 
 
Form 12 – Notice of Intention to make a Normal Course Issuer Bid
(as at February 4, 2011)
 © 2011, TSX Inc.
 
 
 
Form:  12   
NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID (“NCIB”)
Issuer Name: CANADIAN NATIONAL RAILWAY COMPANY                             
 Stock Symbol: CNR

 
 
b)
whether purchase and payment for the securities will be made by the issuer in accordance with the requirements of TSX:  Yes, and in accordance with the requirements of NYSE.

 
c)
whether the price that the issuer will pay for any securities acquired by it will be the market price of the securities at the time of acquisition:Yes, plus brokerage fees, or such other price as may be permitted by the TSX. All of the Common Shares purchased will be cancelled.

 
d)
whether purchases (other than by way of exempt offer) will be made other than by means of open market transactions during the period the NCIB is outstanding:  Yes, and by other means as may be permitted by the TSX, including pre-arranged crosses and private agreements under an issuer bid exemption order issued by a securities regulatory authority.

4.
Consideration Offered – State whether there are any restrictions on the price the offeror is prepared to pay and any other restrictions relating to the NCIB, such as specific funds available, method of purchasing, etc.:  None

5.
Reasons for the NCIB – State the purpose or business reasons for the NCIB:  CNR’s management and Board of Directors believe that the repurchase by the Company of its shares represents an appropriate use of its funds.

6.
Valuation – State whether there has been any appraisal or valuation of the issuer to the best knowledge of the directors or officers of the issuer, after reasonable enquiry, regarding the issuer, its material assets or securities prepared within the two years preceding the date of the notice, together with a statement of a reasonable time and place at which such appraisal or valuation, or a copy thereof, may be inspected. For this purpose, the phrase appraisal or valuation means both an independent appraisal or valuation and a material non-independent appraisal or valuation. If there has been such an appraisal or valuation, include a summary of such appraisal or valuation:

To the best knowledge of CNR’s directors and officers, after reasonable enquiry, CNR has not, in the past two-year period preceding the date hereof, obtained an appraisal or valuation regarding CNR or its material assets or securities.

7.
Previous Purchases – Where the issuer has purchased securities under a NCIB within the past 12 months, state the following:

 
a)
method of acquisition:  Through the TSX and NYSE facilities and private agreements under issuer bid exemption order issued by a securities regulatory authority.

 
b)
the number of securities purchased:  14,680,559 Common Shares for a total amount of C$1,400M.
 
 
c)
the weighted average price paid per security:  Cdn $95.35, excluding brokerage fees.

8.
Persons Acting Jointly or In Concert with the Issuer –  Disclose the identity of any party acting jointly or in concert with the issuer:  None.
 
 
Form 12 – Notice of Intention to make a Normal Course Issuer Bid
(as at February 4, 2011)
 © 2011, TSX Inc.
 
 
 
Form:  12   
NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID (“NCIB”)
Issuer Name: CANADIAN NATIONAL RAILWAY COMPANY                             
 Stock Symbol: CNR

 
9.
Acceptance by Insiders, Affiliates and Associates –

 
a)
name of every director or senior officer of the issuer who intends to sell securities of the issuer during the course of the NCIB:  None - see below.

 
b)
where their intention is known after reasonable enquiry, the name of every associate of a director or senior officer of the issuer, person acting jointly or in concert with the issuer, or person holding 10% or more of any class of equity securities of the issuer, who intends to sell securities:  None - see below
 
Except as set out below, to the knowledge of the directors and senior officers of CNR, after reasonable enquiry, no director or senior officer of CNR and no associate of a director or senior officer of CNR or any person acting jointly or in concert with CNR, or any person holding 10% or more of any class of equity securities of CN, has any present intention to sell Common Shares during the period of the Offer. However, sales of Common Shares through the facilities of exchanges or otherwise by any of these persons or companies may occur during such period in the event that the circumstances or decisions of any such person or company change or their personal circumstances require such sales. Certain senior officers of CNR may exercise options to purchase Common Shares under the existing stock option plans of CNR and in turn sell Common Shares in open market transactions.

10. Benefits from the NCIB – State direct or indirect benefits to any of the persons or companies named in item 9 of selling or not selling securities of the issuer during the course of the NCIB. An answer to this item is not required where the benefits to such person or company of selling or not selling securities are the same as the benefits to any other securityholder who sells or does not sell:  None.

11.
Material Changes in the Affairs of the Issuer – Disclose any previously undisclosed material changes or plans or proposals for material changes in the affairs of the issuer:  None.

12.
Participating Organization Information –

 
Canada
 
U.S.
(a) Brokerage Firm:
 
TD Securities Inc.
 
BNP Paribas Securities Corp.
 
(b) Name of registered representative:
 
Chris Finora 
Janet Kim
(c) Address of brokerage firm:
 
222 Bay Street, 7th floor
Ernst & Young Tower
Toronto, Ontario
M5K 1A2
 
787 Seventh Avenue
New York, NY 10033
 
(d) Fax number:
416 982 8107
n/a
(e) Telephone number:
 
416 308 2499
212-841-3653
 
 
Form 12 – Notice of Intention to make a Normal Course Issuer Bid
(as at February 4, 2011)
 © 2011, TSX Inc.
 
 
 
Form:  12   
NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID (“NCIB”)
Issuer Name: CANADIAN NATIONAL RAILWAY COMPANY                             
 Stock Symbol: CNR

 
13.
Disclose any significant information regarding the NCIB not disclosed above, including any details regarding the use of put options or forward purchase contracts in conjunction with the NCIB:
 
CNR will enter into an automatic purchase plan to repurchase a portion of the shares subject to the NCIB.
 
14.
Certificate – The undersigned, a director or senior officer of the issuer duly authorized by the issuer’s board of directors, certifies that this notice is complete and accurate and in compliance with Section 629 and 629.1 of the TSX Company Manual. This notice contains no untrue statement of a material fact and does not omit to state a material fact that is required to be stated or that is necessary to make a statement not misleading in the light of the circumstances in which it is made.
 
 
 
 
October 22, 2013
  
     
     
     
  /s/ Sean Finn  
 
NAME: Sean Finn
  
 
TITLE: Executive Vice-President Corporate Services and Chief Legal Officer
 
 
 
Form 12 – Notice of Intention to make a Normal Course Issuer Bid
(as at February 4, 2011)
 © 2011, TSX Inc.
 
 
 
 
 
 
SIGNATURES

 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
Canadian National Railway Company
  
     
         
         
Date: October 22, 2013
 By:   
 /s/ Cristina Circelli
  
    Name:   
Cristina Circelli
  
    Title: 
Deputy Corporate Secretary and General Counsel