Algoma announces precautionary AGM
(Posted on 09/04/20)
Algoma Central Corporation, a leading supplier of marine transportation services, has announced that the 2020 Annual General Meeting of Shareholders to take place on Wednesday 6 May, 2020 at the hour of 11:30 a.m. (EDT) will now be held at the Offices of Algoma Central Corporation at 63 Church Street, St. Catharines, ON L2R 3C4 and will be available via live webinar.
The company is closely monitoring the COVID-19 (coronavirus) pandemic and are sensitive to the public health and travel concerns shareholders may have as well as the directives from Canadian public health officials on physical distancing. In response to these directives and in efforts to protect the safety of shareholders, a live webinar of the Meeting will be available at the link noted below. The webinar platform will not support the casting of votes and so this year, more than ever, we encourage you to vote on the matters prior to the Meeting by proxy and to attend and participate at the Meeting via webinar. Shareholders will be able to ask questions of management through the webinar at the conclusion of the Meeting as usual.
Given the need for risk management in respect of the COVID-19 virus, anyone attending the Meeting will be asked a series of questions prior to being admitted to the Meeting. In order to ensure the health and safety of all attendees, the Company, as host of the Meeting, will reserve the right to restrict access to the Meeting depending on the responses to the questions posed.
The live webinar of the meeting will be available through Algoma’s website at www.algonet.com. Voting results for each of the resolutions to be considered by shareholders will be announced after the Meeting and reported on SEDAR.
The Canadian Securities Administrators recently announced relief in order to allow public companies to change the date, time or location of annual general meetings should the spread of the current COVID-19 pandemic make it impossible or inadvisable to hold them as previously scheduled. Pursuant to this relief, the Company may notify shareholders of such changes without sending or filing additional proxy materials. To the extent that the Company determines it necessary to further change the location or format of the Meeting in order to hold a virtual only meeting the Company will inform shareholders of such a determination by way of a news release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200408005149/en/
Latest News
North Pacific Green Corridor Consortium forms new corridor
(Posted on 18/04/24)Global industry leaders from North America, Asia and Europe have announced the formation of the North... Read more
Tomini Dynasty Captain receives prestigious Gallantry Award
(Posted on 16/04/24)Tomini Group, a world-class dry bulk ship owner, has announced that Captain Om Dutta has been honoured... Read more
Singapore retains top spot as world’s leading maritime city
(Posted on 15/04/24)Singapore has retained its title as the leading maritime city in the world, followed by Rotterdam and... Read more
AtoB@C Shipping takes delivery of Stellamar
(Posted on 15/04/24)AtoB@C Shipping, a subsidiary of ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic... Read more
Maritime industry leaders to explore ammonia as marine fuel on US West Coast
(Posted on 29/03/24)American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services... Read more
MMS raises awareness over improper use of antibiotics on board vessels
(Posted on 29/03/24)Leading provider of medical support services for crews, Marine Medical Solutions (MMS), is concerned... Read more
ESL to sell Supramaxes
(Posted on 25/03/24)ESL Shipping, a leading carrier of dry bulk cargoes in the Baltic region, has signed a memorandum of... Read more
Sustainable fuels can reach cost parity with fossil fuels by 2035
(Posted on 25/03/24)New Wärtsilä analysis shows EU ETS and FuelEU Maritime will close price gap, creating policy... Read more
Swedish Club delivers firm foundation for future growth
(Posted on 25/03/24)The Swedish Club reported positive results for 2023, combined with an emphasis on supporting its members... Read more
DNV establishes Tanker and Bulker Expert Team in China
(Posted on 18/03/24)DNV has established a Tanker and Bulker Expert Team based in Shanghai. With strong global demand and... Read more
