KP Tissue Announces Its Annual Meeting of Shareholders
MISSISSAUGA, Ontario, June 16, 2025 (GLOBE NEWSWIRE) — KP Tissue Inc. (KPT) (TSX: KPT) will hold its Annual Meeting of Shareholders (the Meeting) on June 23, 2025 at 2:00 p.m. (Eastern Time). The Meeting will be held in a virtual-only format via live webcast at
https://virtual-meetings.tsxtrust.com/en/1792/
.
For shareholders, media and other interested parties who are unable to attend, the presentation material will also be available at
www.kptissueinc.com
.
YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY
The Board of Directors of KP Tissue unanimously recommends that Shareholders vote FOR ALL resolutions.
Shareholders are encouraged to read the management information circular and to vote as soon as possible. The deadline for voting your shares by proxy is 2:00 PM (Eastern Time) on Thursday, June 19, 2025.
For access to all relevant documents related to the Meeting, complete Meeting details and information on how to vote, please visit
https://www.kptissueinc.com/agm-vote
.
Shareholder Questions & Voting Assistance
Shareholders who have questions about voting their shares or require assistance may contact KPT's proxy solicitation agent and shareholder communications advisor:
Laurel Hill Advisory Group
Toll Free | 1-877-452-7184 (for Shareholders in North America)
International | +1 416-304-0211 (for Shareholders outside Canada and the U.S.)
By Email |
assistance@laurelhill.com
About KP Tissue Inc. (KPT)
KPT was created to acquire, and its business is limited to holding, a limited equity interest in Kruger Products, which is accounted for as an investment on the equity basis. KPT currently holds a 12.3% interest in Kruger Products. For more information visit
www.kptissueinc.com
.
About Kruger Products Inc. (Kruger Products)
Kruger Products is Canada's leading manufacturer of quality tissue products for household, industrial and commercial use. Kruger Products serves the Canadian consumer market with such well-known brands as Cashmere®, Purex®, SpongeTowels®, Scotties®, White Swan® and Bonterra®. In the U.S., Kruger Products 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. Kruger Products has approximately 3,000 employees and operates ten FSC® COC-certified (FSC® C-104904) production facilities in North America. For more information visit
www.krugerproducts.ca
.
INFORMATION:
François Paroyan
General Counsel and Corporate Secretary
KP Tissue Inc.
905-812-6936
francois.paroyan@krugerproducts.ca
INVESTORS:
Doris Grbic
Director, Investor Relations
KP Tissue Inc.
437-882-2596
IR@krugerproducts.ca
SOURCE KP Tissue Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Here's what Trump gifted Carney the last time the leaders met in Washington
OTTAWA — It may not be his favourite team but Prime Minister Mark Carney is now the proud owner of a Washington Capitals jersey emblazoned with his name and the number 24 thanks to U.S. President Donald Trump. Trump gifted Carney, a die-hard Edmonton Oilers fan, the framed and mounted jersey after the leaders sat down for their first in-person meeting in the Oval Office last month, according to a public registry of disclosures. That meeting laid the groundwork for what Canadian political and business leaders hope leads to a reprieve from Trump's global tariffs on autos, steel and aluminum. It is a deal the two leaders have yet to lock in as they meet again, this time in Alberta, as Canada plays host to the G7 leaders' summit. Gift-giving between leaders is a diplomatic custom during official visits. Another round is unfolding this week as Carney welcomes leaders from across Europe and other parts of the world for the G7 gathering. For his part, the last time Carney and the rest of the Canadian delegation saw Trump, they left behind a photograph of a famous football game played between Canadian and American soldiers several months before D-Day in 1944, snapped by a Canadian military photographer. It was an image meant to signal the coming together over sports, and amid global uncertainty, the latter of which Carney is trying to bridge with a volatile Trump administration. Canada also gifted Trump a hat and golf gear from the Kananaskis Country Golf Course, given that Kananaskis is where he and other G7 leaders are meeting. It appears Trump stuck with the sports theme for his last gift to Carney, too. The Washington Capitals are not only Trump's hometown team, but also where Russian-born NHL star Alexander Ovechkin plays. Trump mentioned Ovechkin by name during his Oval Office meeting with Carney last month, which began with a wide-ranging question-and-answer session with the U.S. president, while Carney and other Canadian ministers watched on. And while the president may not have gotten the team quite right for Carney, who cheers for the Edmonton Oilers, he nailed his number, given that Carney serves as Canada's 24th prime minister. Most Canadians will likely be relieved that the president chose that digit over the number 51, given how often Trump has repeated his desire for Canada to become the U.S.'s '51st state.' staylor@ National Post Get more deep-dive National Post political coverage and analysis in your inbox with the Political Hack newsletter, where Ottawa bureau chief Stuart Thomson and political analyst Tasha Kheiriddin get at what's really going on behind the scenes on Parliament Hill every Wednesday and Friday, exclusively for subscribers. Sign up here. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our politics newsletter, First Reading, here.
Yahoo
16 minutes ago
- Yahoo
Wealthsimple launches credit card, lines of credit
In a significant move to diversify its financial services, Wealthsimple Inc. has unveiled its inaugural credit card and line of credit offerings. This expansion marks a bold step in the company's strategy to compete directly with Canada's established banking institutions. The fintech company is also enhancing its existing services by introducing new features to its chequing account platform, which was initially launched in 2020. These additions include mobile cheque deposits, wire transfer capabilities and bank draft services — bringing its functionality closer to that of traditional banks. Wealthsimple launched several new banking features, including a credit card offering 2% cash back rewards. The company also announced plans to introduce a line of credit by year-end, with rates starting at 4.45%, notably lower than the current prime rate of 4.95%. The fintech company is expanding its services with complimentary bank draft delivery to recipients. Additionally, customers will have the option to use their Wealthsimple account balances as security for lines of credit. Despite these new features and services, it remains uncertain whether Wealthsimple can successfully capture significant market share from Canada's Big Six banks — RBC, TD, BMO, CIBC, Scotiabank and National Bank. Wealthsimple has positioned itself to capitalize on changing consumer behaviours by introducing innovative financial products. The company's strategic focus on digital-first banking solutions comes at a time when Canadians are increasingly seeking alternatives to traditional banking services. The fintech company's expansion into retail banking services marks a significant shift in the Canadian financial landscape. By offering competitive rates and eliminating common fees, Wealthsimple is directly challenging established banks' long-standing fee structures. These new banking products represent a deliberate move to address consumer pain points, particularly around transaction costs and international banking fees. By offering free ATM withdrawals and the elimination of foreign exchange fees, Wealthsimple is specifically targeting frequent travelers and cross-border shoppers who have historically faced substantial banking charges. In addition to facing competition from other fintech companies, Wealthsimple faces significant challenges in its efforts to compete with Canada's major banks. The Canadian financial sector is highly concentrated, with the six largest banks controlling 93% of banking assets. While Wealthsimple manages approximately $70 billion in client assets — comparable to EQ Bank's $74 billion as Canada's seventh-largest bank — this figure pales in comparison to RBC's substantial $1.4 trillion in assets under management. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
17 minutes ago
- Yahoo
HOOD vs. BGC: Which Fintech Brokerage Stock Has More Upside?
Robinhood Markets HOOD and BGC Group BGC operate in the financial services space. HOOD targets retail investors through its mass-market trading platform, while BGC caters to institutional clients with brokerage and financial technology the stock markets witnessing massive volatility and client activity, HOOD and BGC are expected to benefit from increased trading activities. As such, investors are bullish on both. Over the past six months, shares of HOOD have soared 74.4%, while BGC Group is up 5.1%. Further, the industry has jumped 6.4% in the same time frame. HOOD & BGC Six-Month Price Performance Image Source: Zacks Investment Research So, the question arises: which fintech brokerage stock, Robinhood or BGC Group, offers greater upside in the evolving trading market? Let's break down their fundamentals, financial performance, growth prospects and more before making any decision. Robinhood became extremely popular among younger generations in early 2021, riding on the meme stock wave. Nonetheless, since its IPO in July 2021, a lot has happened on the business front. It has evolved from a brokerage firm primarily trading in digital assets to a more mature and diversified entity, striving to become a one-stop shop for building generational wealth. In this context, HOOD has launched several initiatives to attract more clients and strengthen its market share. Some notable ones are Robinhood Legend (desktop trading platform) aimed at retail investors seeking more advanced trading tools; Robinhood Strategies, Robinhood Banking and Robinhood Cortex to boost the wealth management offerings; the prediction markets hub; and a credit card to expand in the consumer finance space. Also, Robinhood is expanding via acquisitions, which are helping it to launch new businesses and complement existing ones. In June, the company acquired Bitstamp, a globally recognized cryptocurrency exchange, which will significantly enhance its crypto offerings. In May, it announced an agreement to buy WonderFi Technologies Inc., which will help deepen its presence in the Canadian digital asset market. In February 2025, it completed the buyout of TradePMR, a custodial and portfolio management platform specializing in services for Registered Investment in July 2024, Robinhood acquired Pluto Capital Inc. With the integration of Pluto's advanced capabilities, the company has revolutionized the investment experience for its users. These initiatives align with Robinhood's ambition to become a global player as it looks to expand its presence beyond the Americas and Europe into the Asia-Pacific region. Hence, these efforts reflect HOOD's ambition to become a global full-spectrum financial services provider. HOOD Sales Estimates Image Source: Zacks Investment Research BGC Group is a global financial services firm specializing in brokerage and financial technology. It offers voice/hybrid and fully electronic brokerage services. The company's proprietary Fenics platform powers its electronic trading operations, enabling faster, more efficient transactions. The platform provides trading solutions, market data and analytics to institutional clients. Following the 2023 spin-off of its commercial real estate arm, Newmark, BGC Group has sharpened its focus on its capital markets and fintech operations. This shift toward technology-driven services allows the company to enhance margins and reduce dependence on traditional, labor-intensive models. In April, BGC Group acquired OTC Global Holdings, LP, one of the fastest-growing energy and commodities brokerage firms. This, along with the buyout of Sage Energy Partners, LP, an energy and environmental brokerage firm, last year, represents an advancement in the company's growth strategy, solidifying the Energy, Commodities and Shipping (ECS) business as the largest asset class within BGC. These acquisitions are expected to contribute more than $450 million in annual revenues and have positioned the company as a major player in the energy Group is well-positioned to capitalize on growing environmental and energy transition trends and will keep benefiting from consistent global demand for oil, the single largest source of energy. As such, the company's top-line growth is anticipated to be impressive. Over the last five years (ended 2024), the company's revenues recorded a CAGR of 1.5%. Other than the above-mentioned buyouts, BGC Group acquired ContiCap, Open Energy Group and Trident in 2023. These deals positioned the company as one of the leading global brokerage firms and bolstered its market share. BGC Sales Estimates Image Source: Zacks Investment Research Over the past 60 days, the Zacks Consensus Estimate for HOOD's 2025 earnings has remained unchanged, while for 2026, it has been revised upward. The earnings estimates for 2025 and 2026 imply 12.8% and 21.3% growth, respectively. Earnings Estimates for HOOD Image Source: Zacks Investment Research On the contrary, analysts are bearish on BGC Group's prospects. The earnings estimates for 2025 and 2026 have been revised lower over the past two months. The consensus mark for BGC's 2025 and 2026 earnings suggests a 19.2% and 18.2% rise for 2025 and 2026, respectively. Earnings Estimates for BGC Image Source: Zacks Investment Research Valuation-wise, HOOD is currently trading at the 12-month trailing price-to-tangible book (P/TB) of 8.74X. The BGC stock, on the other hand, is currently trading at the 12-month trailing P/TB of 12.53X. HOOD & BGC P/TB Ratio Image Source: Zacks Investment Research Thus, HOOD is inexpensive compared with BGC Group. BGC Group's return on equity (ROE) of 46.98% is way higher than HOOD's 15.42%. This reflects BGC's efficient use of shareholder funds in generating profits. ROE Image Source: Zacks Investment Research Robinhood and BGC Group represent two distinct approaches within the fintech and brokerage space. HOOD is aggressively expanding its retail-focused ecosystem through innovation, acquisitions and global reach, positioning itself as a next-generation financial services platform. In contrast, BGC is reinforcing its dominance in institutional markets, especially in energy and commodities, leveraging its advanced trading technologies and strategic BGC boasts higher returns on equity and a more stable institutional client base, HOOD is trading at a more attractive valuation and shows stronger earnings momentum. Further, Robinhood's innovation-driven model offers a better upside in today's evolving brokerage BGC Group carries a Zacks Rank #4 (Sell), while HOOD has a Zacks Rank of 3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BGC Group, Inc. (BGC) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
