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    RSI   CA77519R1029

ROGERS SUGAR INC.

(RSI)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 10/15 05:00:00 pm
5.55 CAD   -1.07%
09/28ROGERS SUGAR INC. : Ex-dividend day for
FA
09/27ROGERS SUGAR : On Sugar Strike Vote at Lantic's Montreal Refinery
MT
09/25ROGERS SUGAR : Strike Vote at Lantic's Montreal Refinery
PU
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Rogers Sugar : Strike Vote at Lantic's Montreal Refinery

09/25/2021 | 01:52pm EDT

NEWS RELEASE

FOR IMMEDIATE RELEASE

STRIKE VOTE AT LANTIC'S MONTREAL REFINERY

Montréal, Canada - September 25, 2021 - Rogers Sugar Inc. (the "Corporation") (TSX: RSI) announces that the members of three collective bargaining units at the Montreal refinery have provided the bargaining committee with a strike vote. This action empowers the bargaining committee to trigger a work stoppage. In the case of a strike, the Montreal facility would operate at a reduced capacity. The Corporation is implementing contingency measures to minimize the disruption to its customers.

The Montreal refinery employs approximately 200 unionized workers. Collective bargaining negotiations between Lantic Inc. ("Lantic") and its Montreal union began last spring, following the expiry at the end of May of a five-year collective agreement.

"The Corporation is maintaining open channels of communication with the union. At this stage, we remain committed to reaching a negotiated settlement that is favourable to both parties," said John Holliday, President and CEO at Rogers Sugar Inc.

The Montreal refinery is operated by Lantic, a wholly owned subsidiary of the Corporation.

About Rogers Sugar Inc.

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montreal, Québec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic's sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic owns all of the common shares of TMTC and its head office is headquartered in Montréal, Québec. TMTC operates bottling plants in Granby, Dégelis and in St-Honoré-de-Shenley, Québec and in Websterville, Vermont. TMTC's products include maple syrup and derived maple syrup products and are sold under various brand names, such as L.B. Maple Treat, Great Northern, Decacer and Highland Sugarworks.

- 30 -

FOR FURTHER INFORMATION PLEASE CONTACT:

Pierre Boucher

Maison Brison Communications 1.514.731.0000

pierre@maisonbrison.com

Disclaimer

Rogers Sugar Inc. published this content on 25 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2021 17:51:05 UTC.


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Financials
Sales 2021 890 M 719 M 719 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 6,49%
Capitalization 575 M 465 M 465 M
Capi. / Sales 2021 0,65x
Capi. / Sales 2022 0,63x
Nbr of Employees 1 243
Free-Float 99,3%
Chart ROGERS SUGAR INC.
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Technical analysis trends ROGERS SUGAR INC.
Short TermMid-TermLong Term
TrendsBullishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Last Close Price 5,55 CAD
Average target price 5,60 CAD
Spread / Average Target 0,90%
Managers and Directors
Michael W. Walton President & Chief Executive Officer
Jean-Sebastien Couillard Chief Financial Officer, Secretary & VP
M. Dallas H. Ross Chairman
Dean J. Bergmame Independent Director
William Stephen Maslechko Independent Director
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