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.
When did Logistec Corporation become public?
Logistec Corporation’s shares were first listed on the Toronto and Montréal Stock Exchanges on September 24, 1969.
Where are your shares traded?
Today, Logistec’s shares are traded on the Toronto Stock Exchange (TSX).
What are Logistec’s ticker symbols?
TSX – LGT.A for Class A Common Shares
TSX – LGT.B for Class B Subordinate Voting Shares
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.
How often does Logistec pay dividends to shareholders?
On March 15, 2019, the Board of Directors declared a dividend of $0.09075 per Class A share and $0.099825 per Class B share, which will be paid on April 18, 2019, to all shareholders of record as of April 4, 2019. The total estimated dividend to be paid is $1.2 million.
On May 9, 2019, the Board of Directors declared dividends of $0.09075 per Class A Common Share and $0.099825 per Class B Subordinate Voting Share, for a total consideration of $1.2 million. These dividends will be paid on July 5, 2019, to shareholders of record as of June 21, 2019.
On August 7, 2019, the Board of Directors elected to increase the dividend payment by 3.0% and declared dividends of $0.0935 per Class A Common Share and $0.10285 per Class B Subordinate Voting Share, for a total consideration of $1.2 million. These dividends will be paid on October 11, 2019, to shareholders of record as of September 27, 2019.
All dividends paid in 2019 were eligible dividends for Canada Revenue Agency purposes.
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.
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%.
What is Logistec Corporation’s fiscal year end?
Logistec’s fiscal year end is December 31.
Where are the company’s headquarters?
Logistec Corporation’s headquarters are located at 360 St. Jacques Street, Suite 1500, Montréal, QC H2Y 1P5.
Who are the company’s independent auditor?
Who is the transfer agent?
Computershare Investor Services Inc.
1500 University, Suite 700
Montréal, QC H3A 3S8
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.
When is the company’s next annual meeting?
Logistec Corporation’s next annual shareholders meeting will be held on May 6, 2020, at 11:30 a.m.