Shareholder’s FAQ

When was Logistec Corporation incorporated?
When did Logistec Corporation become public?
Where are your shares traded?
What are Logistec’s ticker symbols?
Why does Logistec have two classes of shares and what are the differences?
How often does Logistec pay dividends to shareholders?
Has the company stock ever been split?
Does the company have a major shareholder?
What is Logistec Corporation’s fiscal year end?
Where are the company’s headquarters?
Who are the company’s external auditors?
Who is the transfer agent?
How can you obtain financial reports on Logistec Corporation?
When is the company’s next annual meeting?  

Top of page When was Logistec Corporation incorporated?
  Logistec Corporation was incorporated on February 29, 1952, under the name Quebec Terminals Ltd. and later changed its name to Logistec Corporation on April 15, 1969, just prior to becoming a publicly traded company.
   
Top of page When did Logistec Corporation become public?
  Logistec Corporation’s shares were first listed on the Toronto and Montréal Stock Exchanges on September 24, 1969.
   
Top of page Where are your shares traded?
  Today, Logistec’s shares are traded on the Toronto Stock Exchange (TSX).
   
Top of page What are Logistec’s ticker symbols?
  TSX – LGT.A for Class A Common Shares
TSX – LGT.B for Class B Subordinate Voting Shares
   
Top of page Why does Logistec have two classes of shares and what are the differences?
  In 1985, the common shares of Logistec Corporation were converted into Class A Common Shares and Class B Subordinate Voting Shares were created to be issued under the Quebec Stock Savings Plan (QSSP). Class A Common Shares carry 30 votes per share and can be converted (on a one-for-one basis) to Class B Subordinate Voting Shares at the holder’s discretion. Class B Subordinate Voting Shares carry one vote per share, entitle their holders to receive a dividend equal to 110% of dividends declared on Class A Common Shares, and carry coattail provisions.
   
Top of page How often does Logistec pay dividends to shareholders?
  Dividends are paid quarterly. On May 6, 2016, the Board of Directors declared dividends of $0.075 per Class A share and $0.0825 per Class B share, for a total consideration of $1.0 million. These dividends have been paid on July 4, 2016, to shareholders of record as at June 17, 2016. On July 29, 2016, the Company declared dividends of $0.075 per Class A share and $0.0825 per Class B share, for a total consideration of $1.0 million. These dividends were paid on October 14, 2016, to shareholders of record as at September 30, 2016.

 

   
Top of page Has the company stock ever been split?
  Yes, the Logistec shares have been split twice in the past. On May 14, 1999, both classes of shares (LGT.A and LGT.B) were split 3 for 1. On May 7, 2014, both classes of shares (LGT.A and LGT.B) were split 2 for 1.
   
Top of page Does the company have a major shareholder?
  Yes, Logistec Corporation is controlled by Sumanic Investments Inc., which controls approximately 75% of the voting rights. The voting shares of Sumanic Investments are held as to 33 1/3% each by 3127419 Canada Inc., 3127401 Canada Inc. and 3127397 Canada Inc. Ms. Suzanne Paquin holds the voting rights of 3127419 Canada Inc. as to 100%, Ms. Madeleine Paquin holds the voting rights of 3127401 Canada Inc. as to 100% and Ms. Nicole Paquin holds the voting rights of 3127397 Canada Inc. as to 100%.
   
Top of page What is Logistec Corporation’s fiscal year end?
  Logistec’s fiscal year end is December 31.
   
Top of page Where are the company’s headquarters?
  Logistec Corporation’s headquarters are located at 360 St. Jacques Street, Suite 1500, Montréal, QC H2Y 1P5.
   
Top of page Who are the company’s independent auditor?
  Deloitte LLP
   
Top of page Who is the transfer agent?
  Computershare Investor Services Inc.
1500 University, Suite 700
Montréal, QC H3A 3S8
   
Top of page How can you obtain financial reports on Logistec Corporation?
  All publicly released financial reports of the company may be obtained in the Investor Relations section of our website under Reports and Filings. You may also contact the company c/o Jean-Claude Dugas, CPA, CA, Vice-President, Finance, 360 St. Jacques Street, Suite 1500, Montréal, QC H2Y 1P5.
   
Top of page When is the company’s next annual meeting?
  Logistec Corporation’s next annual shareholders meeting will be held on May 6, 2016, at 11:30 a.m. at the Auditorium of the Bourse de Montréal, located at 800 Square Victoria, 4th Floor, in Montréal.