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    IFX   CA4524352099

IMAFLEX INC.

(IFX)
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Imaflex : Announces Results of Annual General Meeting of Shareholders

06/17/2021 | 08:01am EDT

MONTREAL, June 17, 2021 /CNW Telbec/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX), announces the results of its Virtual Annual General Meeting (the "Meeting"), held on June 16, 2021. At the Meeting, incumbent directors Joe Abbandonato, Tony Abbandonato, Michel Baril, Consolato Gattuso, Philip Nolan, Mario Settino and Lorne Steinberg were re-elected as directors of Imaflex. All other items put forth at the Meeting were also approved, including the re-appointment of the Corporation's auditors.

About Imaflex Inc.
Founded in 1994, Imaflex is focused on the development and manufacturing of innovative solutions for the flexible packaging and agriculture industries. The Corporation's products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Headquartered in Montreal, Quebec, Imaflex has manufacturing facilities in Canada and the United States.  The Corporation's common stock is listed on the TSX Venture Exchange under the ticker symbol IFX. Additional information is available at www.imaflex.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Imaflex Inc.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 104 M 81,3 M 81,3 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 67,1 M 52,4 M 52,4 M
Capi. / Sales 2021 0,64x
Capi. / Sales 2022 0,65x
Nbr of Employees 222
Free-Float 54,1%
Chart IMAFLEX INC.
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Imaflex Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 1,35 CAD
Average target price 1,75 CAD
Spread / Average Target 29,6%
Managers and Directors
Joseph Abbandonato Chairman, President & Chief Executive Officer
Giancarlo Santella Chief Financial Officer
Gerald R. Phelps Vice President-Operations
Michel Baril Independent Director
Philip Nolan Independent Director
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