Algoma Central Corporation announces results of Annual General Meeting

(TSX : ALC)

ST. CATHARINES, ON, May 30, 2016 /CNW/ - Algoma Central Corporation ("Algoma" – www.algonet.com) held its Annual General Meeting of Shareholders on May 10, 2016 and announces that all the nominees listed in its Management Proxy Circular dated February 19, 2016 were elected as directors until the next annual general meeting of shareholders. All nominees were elected with the support of 84% of shares voted. The detailed results of the vote are set out below.

Nominee

Votes For

Votes Withheld

Total





Richard B. Carty

31,999,532

535,461

32,534,993

E. M. Blake Hutcheson

32,477,318

57,675

32,534,993

Duncan N.R. Jackman

31,999,211

535,782

32,534,993

Clive P. Rowe

32,476,968

58,025

32,534,993

Mark McQueen

32,468,549

66,444

32,534,993

Harold S. Stephen

32,478,257

56,736

32,534,993

Eric Stevenson

32,481,017

53,976

32,534,993

 

About Algoma Central Corporation

Algoma Central Corporation operates the largest Canadian flag fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway, including 13 self-unloading dry-bulk carriers, seven gearless dry bulk carriers and six product tankers. The Company has construction contracts for seven new Equinox Class domestic dry-bulk vessels as part of its on-going fleet renewal program. Algoma also owns four ocean dry-bulk vessels operating in international markets, has a 50% interest in three other ocean dry-bulk vessels and has a 50% interest  in a cement carrier fleet supporting infrastructure projects world-wide. Algoma provides ship management services for other ship owners and owns a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada.

SOURCE Algoma Central Corporation

For further information: Ken Bloch Soerensen, President and CEO, 905-687-7885; Peter D. Winkley, CPA, CA, Vice President, Finance and CFO, 905-687-7897

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http://www.algonet.com

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