Algoma Central Corporation announces results of Annual General Meeting

(TSX : ALC)

ST. CATHARINES, ON, May 10,2017 /CNW/ - Algoma Central Corporation ("Algoma" – www.algonet.com) held its Annual General Meeting of Shareholders on May 5, 2017 and announces that all the nominees listed in its Management Proxy Circular dated February 17, 2017 were elected as directors until the next annual general meeting of shareholders. All nominees were elected with the support of 84.7% of shares voted. The detailed results of the vote are set out below.

Nominee

Votes For

Votes Withheld

Total





Richard B. Carty

32,780,401

182,359

32,962,760

Paul Gurtler

32,944,284

18,476

32,962,760

E. M. Blake Hutcheson

32,938,524

24,236

32,962,760

Duncan N.R. Jackman

32,780,161

182,599

32,962,760

Mark McQueen

32,939,284

23,476

32,962,760

Clive P. Rowe

32,935,274

27,486

32,962,760

Harold S. Stephen

32,941,674

21,086

32,962,760

Eric Stevenson

32,938,574

24,186

32,962,760

 

About Algoma Central

Algoma Central Corporation operates the largest Canadian flag fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry bulk carriers and product tankers. Algoma also owns ocean self-unloading vessels operating in international markets. Algoma provides ship management services for other ship owners. The Company is expanding into global dry-bulk markets with investments in businesses specializing in pneumatic cement carrying vessels and in short sea dry-bulk shipping.

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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