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Algoma Central Corp: 1 director
A director at Algoma Central Corp maiden bought 2,000 shares at 15.070CAD and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
Algoma Central Corporation Announces Results of Annual General and Spe...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, held its Annual General and Special Meeting of Shareholders (“the Meeting”) on May 4, 2018. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Proxy Circular dated February 22, 2018, available online at www.algonet.com. 1. Election of Directors All of the nominees listed in the M...
Algoma Central Corporation Reports Operating Results for the Three Mon...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the three months ended March 31, 2018. All amounts reported below are in thousands of Canadian dollars, except for per share data and unless otherwise noted. First quarter 2018 highlights include: A 61% reduction in net loss for the first quarter to $7,453 compared to a net loss in the first quarter of 2017 of $19...
Algoma Central Corporation Enters into Automatic Share Purchase Plan
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that, in connection with its previously announced normal course issuer bid effective January 29, 2018 (the “NCIB”), Algoma has entered into an automatic share purchase plan (the “ASPP”) with a designated broker to allow for the purchase of its Common Shares under the NCIB at times when Algoma normally would not be active in the market due to applicable regul...
Algoma Central Corporation Reports Operating Results for the Year Ende...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced its results for the year ended December 31, 2017. All amounts reported below are in thousands of Canadian dollars, except for per share data and unless otherwise noted. Fiscal 2017 highlights include: Consolidated revenue for 2017 was $451,050 compared to the $391,406 reported for 2016. Revenue increased in the Domestic Dry-Bulk ...
Algoma Central Corporation Announces the Algoma Innovator is Headed fo...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that the recently completed Algoma Innovator, the first of two new Equinox Class 650’ self-unloading dry-bulk freighters has commenced its voyage from Croatia to Canada. The vessel departed the 3 Maj shipyard in Croatia on February 23, 2018 and is expected to arrive in mid-March carrying a cargo of bauxite. This press release features multimedia. View the ful...
Algoma Central Corporation Takes Delivery of the Algoma Sault
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it has taken delivery of the Algoma Sault, the second seaway-max Equinox Class self-unloading bulk carrier from Yangzijiang Shipyard (the “Shipyard”) in China. The vessel departed the shipyard on February 3, 2018 and is expected to arrive in late March, resulting in the ship being available for service in the upcoming navigation season. This press releas...
Algoma Central Corporation Announces Purchase of River-Class Vessels
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced it has reached an agreement with American Steamship Company (“ASC”) to acquire four vessels. The Company has acquired the M.V. Buffalo, the M.V. Adam E. Cornelius, the S.S. American Valor and the S.S. American Victory. The availability of these vessels presented an opportunity to expand Algoma’s vessel fleet and capacity at extremely attractive valu...
Algoma Central Corporation Announces Completion of Substantial Issuer ...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma”) (TSX:ALC), a leading provider of marine transportation services, today announced that it has taken up and paid for 361,418 common shares (the “Shares”) at a price of $14.75 per Share under Algoma’s substantial issuer bid (“SIB”) to purchase for cancellation a number of its shares for an aggregate purchase price not to exceed $20 million. The Shares purchased under the SIB represent an aggregate purchase price of $5.3 million and represented 0.9% ...
ALGOMA CENTRAL CORPORATION ANNONCE LA CONCLUSION DE SON OFFRE PUBLIQUE...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (« Algoma ») (TSX : ALC), grand fournisseur de services de transport maritime, a annoncé aujourd’hui avoir pris livraison de 361 418 actions ordinaires (les « actions ») et les avoir payées 14,75 $ chacune par suite de son offre publique de rachat importante (l’« OPRI ») visant à racheter pour annulation jusqu’à 20 millions de dollars de ses actions. Les actions ont été rachetées aux termes de l’OPRI moyennant au total 5,3 millions de dollars et représenten...
Algoma Central Corporation Annonce Les Résultats Provisoires De Son O...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (« Algoma » ou la « Société ») (TSX : ALC), grand fournisseur de services de transport maritime, a annoncé aujourd’hui les résultats provisoires de son offre publique de rachat importante (« OPRI ») réalisée selon une « procédure d’adjudication à la hollandaise modifiée ». Aux termes de l’OPRI, Algoma a offert de racheter aux fins d’annulation jusqu’à 20 millions de dollars de ses actions ordinaires (les « actions ») moyennant une contrepartie en espèces. L’OPRI a e...
Algoma Central Corporation Announces Preliminary Results of Substantia...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC) a leading provider of marine transportation services today announced the preliminary results of its “modified Dutch auction” substantial issuer bid (SIB). Under the SIB, Algoma offered to purchase for cancellation up to $20 million of its common shares (the “Shares”) from Shareholders for cash. The SIB expired at 11:59 p.m. (Toronto time) on December 15, 2017. Based on the preliminary count by AST Trust Company (Canada), as ...
Algoma Central Corporation Announces Delivery of the Algoma Innovator
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma” or “the Company”) (TSX: ALC), a leading provider of marine transportation services, today announced that it has taken ownership of the Algoma Innovator from the Uljanik d.d. shipyard in Croatia. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171215005368/en/ Photo collage of the Algoma Innovator from delivery at the shipyard. (Photo: Business Wire) The vessel is part of the Company’s Equinox 65...
Algoma Central Corporation annonce une offre publique de rachat import...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (« Algoma ») (TSX : ALC) a annoncé aujourd’hui que son conseil d’administration a autorisé une offre publique de rachat importante aux termes de laquelle elle offrira de racheter aux fins d’annulation jusqu’à 20 000 000 $ des actions ordinaires (les « actions ») détenues par ses actionnaires moyennant une contrepartie en espèces. L’offre vise au plus 1 454 545 actions ou environ 3,7 % de l’ensemble des actions émises et en circulation d’Algoma. L’off...
Algoma Central Corporation Announces Substantial Issuer Bid
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (“Algoma”) (TSX:ALC) today announced that its Board of Directors has authorized a substantial issuer bid pursuant to which Algoma will offer to purchase for cancellation up to $20,000,000 of its common shares (the “Shares”) from Shareholders for cash. The Offer represents up to 1,454,545 Shares or approximately 3.7% of Algoma’s total issued and outstanding Shares. The Offer will proceed by way of a "modified Dutch auction". Holders of Shares wishing to tend...
Algoma Central Corporation Announces Operating Results for the 2017 Th...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (TSX: ALC) (“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced its results for the quarter ended September 30, 2017. “We are very pleased with the results for our third quarter and particularly the sustained strength in our Domestic Dry-Bulk business,” said Ken Bloch Soerensen, Algoma CEO. “We have taken steps to position ourselves to take advantage of improving markets in our core business and to seize opport...
Algoma Central Corporation Announces the Arrival of the Algoma Niagara
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation [ALC.TO] (“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced that the first Equinox Class self-unloader, the seaway-max size Algoma Niagara, arrived at the Canadian port of Sept Iles, Quebec on November 1st. The Algoma Niagara is the fifth Equinox Class vessel in Canada and she joins her four gearless sister ships in the Algoma fleet. The vessel is currently undergoing inspections and re-flagging as a Canadian vessel...
Algoma Central Corporation Announces Tentative Agreement with Canadian...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (TSX:ALC) (“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced that it has reached a tentative agreement with the navigation and engineering officers in the Company’s product tanker fleet, ending a strike that began on October 21st. The union represents 54 employees of Algoma Tankers Limited. Vessels tied up as a result of the strike will commence operations as soon as arrangements are made to return the crews ...
Algoma Central Corporation Announces Strike by Canadian Merchant Servi...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (TSX : ALC)(“Algoma” – www.algonet.com), a leading provider of marine transportation services, today announced that the Canadian Merchant Services Guild, which represents navigation and engineering officers on the Company’s domestic product tanker fleet, has launched a strike against the Company. The union represents 54 employees of Algoma Tankers Limited. The union has provided assurance that the vessels affected by the strike will sail to a safe berth and...
Algoma Central Corporation Announces Sale of Station Tower in Sault St...
ST. CATHARINES, Ontario--(BUSINESS WIRE)-- Algoma Central Corporation (TSX : ALC) (“Algoma” – www.algonet.com) announced today it has sold Station Tower, an office building located in Sault Ste. Marie. The net proceeds from the sale were $4.4 million. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170927005727/en/ Station Tower (Photo: Business Wire) Station Tower is a 61,000 square foot office building consisting of a diverse mix of commercial and professional servic...
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