AGT Food and Ingredients Inc. Announces Results of Voting at Annual Meeting and Second Quarter 2017 Dividend

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AGT Food and Ingredients Inc. Announces Results of Voting at Annual Meeting and Second Quarter 2017 Dividend

Canada NewsWire

REGINA, June 14, 2017 /CNW/ - AGT Food and Ingredients Inc. (TSX:AGT) (the "Company" or "AGT") is pleased to announce the successful approval of all matters for consideration at the annual meeting (the "Meeting") of shareholders of the Company held earlier today.

All director nominees were elected as directors of the Company, as follows:

Nominee

Votes "For" (%)

Votes "Withheld" (%)

Murad Al-Katib

99.95%

0.05%

Hüseyin Arslan

99.14%

0.86%

Howard N. Rosen

99.25%

0.75%

John Gardner

99.21%

0.79%

Drew Franklin

99.21%

0.79%

Greg Stewart

99.25%

0.75%

Marie-Lucie Morin

99.23%

0.77%

 

All other matters considered, each as defined in the Management Information Circular dated May 5, 2017, 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 Company on SEDAR at www.sedar.com.

AGT is also pleased to announce a cash dividend for the quarter ending June 30, 2017 of $0.15 per common share. The dividend will be payable on July 11, 2017 to shareholders of record on June 30, 2017. This dividend is an eligible dividend for Canadian income tax purposes. AGT's current annualized cash dividend rate is approximately $0.60 per share.

AGT Food and Ingredients Inc. Profile

AGT Food and Ingredients Inc. (AGT) is a processor of value-added pulses, staple foods and ingredients for export and domestic markets as well as a supplier of retail packaged and canned foods to retail and food service sectors. 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, Spain, Switzerland and India 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.

Cautionary Statements

Certain statements in this press release are forward-looking statements. In particular, this press release contains forward-looking statements with respect to, among other things, the payment of the dividend. 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 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 AGT Food and Ingredients Inc.

View original content: http://www.newswire.ca/en/releases/archive/June2017/14/c7023.html

Copyright CNW Group 2017

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