Algoma Central Corporation Announces Results of 2025 Annual General Meeting of Shareholders
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ST. CATHARINES, Ontario — Algoma Central Corporation (TSX:ALC), held its Annual General Meeting of Shareholders (the 'Meeting') on May 2, 2025. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company's Management Information Circular dated March 7, 2025, available online at www.algonet.com/investor-relations and www.sedarplus.ca.
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1. Election of Directors
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All nominees listed in the Management Information Circular were elected as directors until the next annual general meeting of shareholders with the support of 74.13% of shares voted.
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Nominee
Outcome
Votes For
Votes Against
Total
Mats H. Berglund
Elected
29,963,519
73,453
30,036,972
Richard B. Carty
Elected
29,909,985
126,987
30,036,972
Jens GrØnning
Elected
29,965,350
71,622
30,036,972
E.M. Blake Hutcheson
Elected
29,965,607
71,365
30,036,972
Duncan N.R. Jackman
Elected
29,913,717
123,255
30,036,972
Trinity O. Jackman
Elected
29,885,948
151,024
30,036,972
Mark McQueen
Elected
29,957,203
79,769
30,036,972
Clive P. Rowe
Elected
29,952,740
84,232
30,036,972
Gregg A. Ruhl
Elected
29,964,704
72,268
30,036,972
Eric Stevenson
Elected
29,969,644
67,328
30,036,972
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2. Appointment of Auditors
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Professional accounting firm Deloitte LLP was appointed as independent auditors of the Company.
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Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ™. Learn more at www.algonet.com.
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Contacts
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Gregg A. Ruhl
Algoma Central Corporation
President & CEO
905-687-7890
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