MONTRÉAL, Sept. 26, 2018 /CNW Telbec/ - Logistec Corporation ("Logistec") (TSX: LGT.A) (TSX: LGT.B) announced today that it has amended the automatic securities purchase plan entered into with its broker in connection with its normal course issuer bid, in order to increase the maximum price per share that may be paid pursuant to the plan. Logistec's current normal course issuer bid commenced on October 26, 2017 and will terminate on October 25, 2018. As of the date hereof, Logistec is not aware of any material undisclosed information about its business. This announcement is required pursuant to the terms of the automatic securities purchase plan.
Logistec Corporation is based in Montréal (Québec) and provides specialized services to the marine community and industrial companies. It offers bulk, break-bulk and container cargo handling in some 35 ports and 60 terminals located in eastern North America. In addition, Logistec offers marine transportation and cargo services geared principally 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
For further information: Jean-Claude Dugas, CPA, CA, Vice-President, Finance, Logistec Corporation, [email protected], (514) 985-2345