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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  KP Tissue Inc.    KPT   CA48265Y1043

KP TISSUE INC.

(KPT)
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KP Tissue Inc. : Reports on Shareholders' Voting Results for the Election of Directors

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06/04/2020 | 09:42pm EDT

NOT FOR DISTRIBUTION IN THE U.S.A. OR OVER U.S. WIRE SERVICES

MISSISSAUGA, Ontario, June 04, 2020 (GLOBE NEWSWIRE) -- KP Tissue Inc. (“KPT”) (TSX: KPT) held its Annual Meeting of shareholders today. All candidates proposed as directors were duly elected to the Board of Directors of KPT by a majority of the votes cast by shareholders present or represented by proxy at the Meeting, as follows:    

NameForWithheld
Number%Number%
Michael Korenberg4,509,72199.2036,5970.81
James Hardy4,508,32199.1637,9970.84
Michel Letellier4,494,24198.8652,0771.15
Louise Denys Wendling4,532,05899.6914,2600.31

Shareholders present or represented by proxy at the Meeting also approved the appointment of PricewaterhouseCoopers LLP as auditors of KPT (99.31% of votes in favour).

About KP Tissue Inc. (KPT)
KPT was created to acquire, and its business is limited to holding, a limited partnership interest in KPLP, which is accounted for as an investment on the equity basis. KPT currently holds a 14.8% interest in KPLP. For more information visit www.kptissueinc.com.

About Kruger Products L.P. (KPLP)
KPLP is Canada's leading manufacturer of quality tissue products for household, industrial and commercial use. KPLP serves the Canadian consumer market with such well-known brands as Cashmere®, Purex®, SpongeTowels®, Scotties® and White Swan®. In the U.S., KPLP manufactures the White Cloud® brand, as well as many private label products. The Away-From-Home division manufactures and distributes high-quality, cost-effective product solutions to a wide range of commercial and public entities. KPLP has approximately 2,500 employees and operates eight FSC® COC-certified (FSC® C-104904) production facilities in North America.  For more information visit www.krugerproducts.ca.

INFORMATION:

Francois Paroyan
General Counsel and Corporate Secretary
KP Tissue Inc.
Tel.: 905.812.6936
francois.paroyan@krugerproducts.ca

INVESTORS:

Mike Baldesarra
Director of Investor Relations
KP Tissue Inc.
Tel.: 905.812.6962
IR@KPTissueinc.com


KP Tissue Inc..jpg

Source: KP Tissue Inc.

2020 GlobeNewswire, Inc., source Press Releases


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All news about KP TISSUE INC.
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06/03KP TISSUE : REMINDER - KP Tissue Announces its Annual Meeting of Shareholders
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05/20CORRECTION : KP Tissue declares a Quarterly Dividend of $0.18 per Common Share
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Financials
Sales 2020 1 476 M 1 123 M 1 123 M
Net income 2020 - - -
Net Debt 2020 854 M 650 M 650 M
P/E ratio 2020 -
Yield 2020 5,82%
Capitalization 120 M 91,6 M 91,6 M
EV / Sales 2020 0,66x
EV / Sales 2021 0,57x
Nbr of Employees 2 300
Free-Float 99,7%
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Technical analysis trends KP TISSUE INC.
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 6
Average target price 14,08 CAD
Last Close Price 12,38 CAD
Spread / Highest target 33,3%
Spread / Average Target 13,8%
Spread / Lowest Target 5,01%
EPS Revisions
Managers
NameTitle
Dino J. Bianco Chief Executive Officer
Michael J. Korenberg Chairman
Mark Holbrook Chief Financial Officer
Michel Letellier Independent Director
James Hardy Independent Director
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