Logistec Corporation reports on director election results

MONTRÉAL, May 10, 2016 /CNW Telbec/ - Logistec Corporation (TSX: LGT.A LGT.B) has announced its director election results following its annual meeting of shareholders held on May 6, 2016.

Each of the nominees proposed as director in the management proxy circular dated March 22, 2016 was elected as director of Logistec Corporation on a vote by show of hands. In total, 7,256,467 Class A Common Shares (97.67% of the class) and 3,119,892 Class B Subordinate Voting Shares (65.31% of the class) were represented in person or by proxy at the meeting, representing 96.99% of the voting rights attached to the shares issued and outstanding as of the record date of March 22, 2016. The proxies given to management as well as to appointees present at the meeting for the election of directors were as follows:

Directors	Percentage of Votes
	For	Withheld
Madeleine Paquin	99.86%	0.14%
James C. Cherry	99.86%	0.14%
Serge Dubreuil	99.86%	0.14%
George Gugelmann	99.86%	0.14%
George R. Jones	99.86%	0.14%
Nicole Paquin	99.86%	0.14%
Rudy Mack	99.86%	0.14%
David M. Mann	99.82%	0.18%
J. Mark Rodger	99.86%	0.14%
Suzanne Paquin	99.86%	0.14%
Luc Sabbatini	99.86%	0.14%

About Logistec

Logistec Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in some 30 ports and 40 terminals located in eastern North America. Logistec also offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Furthermore, the Company operates in the environmental sector where it provides services to industrial, municipal and other governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and woven-hose manufacturing.

The Company has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained at the Company's website at www.logistec.com.

SOURCE Logistec Corporation

Jean-Claude Dugas cpa, ca, Vice-President, Finance, Logistec Corporation, [email protected], [phone]