Park Lawn Corporation

Park Lawn Corporation

June 09, 2015 21:05 ET

Park Lawn Announces Results of Annual and Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - June 9, 2015) - Park Lawn Corporation (TSX VENTURE:PLC) (the "Company" or "Park Lawn") announced today the results of its annual and special meeting of shareholders held today in Toronto, Ontario (the "Meeting"). The Company is pleased to announce that all the resolutions put forward to shareholders were approved.

At the Meeting, shareholders elected the following nominees as directors of the Company:

  • Winz Martina Casagrande,
  • Andrew Clark,
  • Joseph Leeder,
  • Frank Mills,
  • Timothy Powers,
  • Steven Scott, and
  • John Ward.

All directors elected, with the exception of Winz Martina Casagrande, previously served on the Company's board. Each of Larry Boland and Geoffrey Whitlam, who previously served as directors of the Company, did not stand for re-election at the Meeting. Winz Martina Casagrande's appointment is subject to the approval of the TSX Venture Exchange.

"I would like to thank Larry Boland and Geoffrey Whitlam for their dedication and contribution to Park Lawn during their time on the board. They played a key role in making Park Lawn what it is today, and we thank them very much for their service," stated Andrew Clark, CEO. "I am also delighted to have Winz Casagrande join the Park Lawn team. I believe she will bring a unique and valuable perspective to the board and I am looking forward to working with her as we continue to build the Company."

In addition, shareholders reappointed MNP LLP as auditors of the Company and confirmed the Company's amended and restated by-law number 1 which, in addition to several clarifying and administrative changes, incorporates advance notice provisions with respect to director nominations by shareholders.

About Park Lawn

Park Lawn Corporation provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold to people on a pre-planned basis (pre-need) or at the time of a death (at-need). The Company owns and operates six cemeteries in the Greater Toronto Area and operates the crematorium at the Brampton Crematorium and Visitation Centre. The Company also owns 50% of Amety Ltd, which operates Tubman/Cadieux Funeral Homes in Ottawa and Western Quebec. The Harmonia business of the Company currently operates in Quebec City, Laval, Saint-Apollinaire, Montreal and the Beauce Region under license. In October 2014, the Company acquired a 50% stake in six funeral homes in Manitoba and Saskatchewan. Park Lawn's common shares are listed on the TSX Venture Exchange under the symbol "PLC". The Company is the only Canadian publicly listed cemetery, funeral and cremation business. Park Lawn makes monthly dividend payments to its shareholders. The monthly dividend has been paid each month since January, 2011 and is currently $0.038 per share ($0.46 per share on an annual basis).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Park Lawn Corporation
    Andrew Clark
    Chairman & Chief Executive Officer
    (416) 231-1462