REGINA, June 27, 2013 /CNW/ - Alliance Grain Traders Inc. ("AGT") has announced a cash dividend for the quarter ending June 30, 2013 of $0.15 per common share. The dividend will be payable on July 15, 2013 to shareholders of record on July 10, 2013. This dividend is an eligible dividend for Canadian income tax purposes. AGT's current annualized cash dividend rate is approximately $0.60 per share.
The Corporation has also announced that at the annual and special meeting (the "Meeting") of shareholders of the Corporation held earlier today, all director nominees were elected as directors of the Corporation, as follows:
||Votes "For" (%)||Votes "Withheld" (%)|
| Murad Al-Katib
||11,287,621 (86.25%)||1,799,471 (13.75%)|
| Huseyin Arslan
||11,834,440 (90.43%)||1,252,652 (9.57%)|
| Howard Rosen
||13,023,183 (99.51%)||63,909 (0.49%)|
| John Gardner
||13,026,627 (99.54%)||60,465 (0.46%)|
| Drew Franklin
||13,025,027 (99.53%)||62,065 (0.47%)|
All other matters considered by shareholders at the Meeting were also approved, the details of which are contained in the Report on Voting Results regarding the Meeting filed by the Corporation on Sedar at www.sedar.com.
Alliance Grain Traders Inc. Profile
Alliance Grain Traders Inc. (AGT) is a value-added pulse, staple food and ingredient processor for export and domestic markets. Through its offices and processing facilities located in some of the best agricultural growing regions in Canada, the U.S., Turkey, China, Australia and South Africa, merchandising and sales offices in the U.K., the Netherlands and Spain and origination offices in Russia, AGT produces a full range of pulses and specialty crops including lentils, peas, chickpeas, beans and canary seed as well as food ingredients such as pulse flours, proteins, starches and fibres. Through its subsidiaries in Turkey, the Arbel Group, AGT also produces staple foods such as Arbella Pasta, rice, and milled wheat products, including bulgur and semolina.
Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by AGT at the time of preparation, may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of AGT (including its operating subsidiaries) to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the actual results of harvests, fluctuations in the price of lentils and other crops, failure of plant, equipment or processes to operate as anticipated, accidents or labour disputes, risks relating to the integration of acquisitions or to international operations, as well as those factors referred to in the section entitled "Risk Factors" in the Annual Information Form of AGT dated February 21, 2013 which is available on SEDAR at www.sedar.com, and which should be reviewed in conjunction with this document. Although AGT has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. AGT expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
SOURCE: Alliance Grain Traders Inc.
For further information: