LOGISTEC Corporation Reports On Director Election Results

MONTRÉAL, May 6, 2020 /CNW Telbec/ - LOGISTEC Corporation (TSX: LGT.A) (TSX: LGT.B) has announced its director election results following its annual and special meeting of shareholders held on May 6, 2020.

Each of the nominees proposed as director in the management proxy circular dated March 17, 2020 was elected as director of LOGISTEC Corporation on a ballot vote.  In total, 5,853,251 Class A Common Shares (79.29% of the class) and 3,440,954 Class B Subordinate Voting Shares (63.87% of the class) were represented in person or by proxy at the meeting, representing 78.92% of the voting rights attached to the shares issued and outstanding as of the record date of March 16, 2020. The following table shows the ballot results:

About LOGISTEC

LOGISTEC Corporation is based in Montréal (Québec) and provides specialized services to the marine community and industrial companies. LOGISTEC offers bulk, break-bulk and container cargo handling in 34 ports and 59 terminals located in North America. In addition, LOGISTEC offers marine transportation services geared primarily to the Arctic coastal trade, as well as marine agency services to foreign shipowners and operators serving the Canadian market.

LOGISTEC also operates in the environmental sector where it provides services to industrial, municipal and governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and manufacturing of woven hoses.

A public company since 1969, LOGISTEC's shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols LGT.A and LGT.B. For more information, please visit www.logistec.com.

SOURCE Logistec Corporation