Press release from Marketwire
Logistec Corporation Reports on Director Election Results
Friday, May 10, 2013
Logistec Corporation Reports on Director Election Results15:32 EDT Friday, May 10, 2013
MONTRÉAL, QUÉBEC--(Marketwired - May 10, 2013) - Logistec Corporation (TSX:LGT.A)(TSX:LGT.B) has announced its director election results following its annual meeting of shareholders held yesterday.
Each of the nominees proposed as director in the management proxy circular dated March 21, 2013 was elected as director of Logistec Corporation on a vote by show of hands. In total, 3,434,342 Class A Common Shares (91.53 % of the class) and 1,642,900 Class B Subordinate Voting Shares (60.58 % of the class) were represented in person or by proxy at the meeting, representing 90.81 % of the voting rights attached to the shares issued and outstanding as of the record date of March 21, 2013. The proxies given to management as well as to appointees present at the meeting for the election of directors were as follows:
|Directors||Percentage of Votes|
|James C. Cherry||83.44%||16.56%|
|George R. Jones||83.60%||16.40%|
|David M. Mann||83.44%||16.56%|
Logistec Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 24 ports in Eastern Canada, the Great Lakes and the U.S. East Coast. Logistec also offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Furthermore, the Company operates in the environmental sector where it provides services to industrial, municipal and other governmental customers for the trenchless structural rehabilitation of underground water mains, PCB management, site remediation, risk assessment, and woven-hose manufacturing.
The Company has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained at the Company's website at www.logistec.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jean-Claude Dugas CPA, CA