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Canadian Tire Corporation Reports Profit For Q1 On Higher Revenues
OTTAWA (dpa-AFX) - Canadian Tire Corporation, Limited (CTC.TO) reported net income of C$151.8 million or C$2.47 per share in the first quarter compared with net loss of C$13.3 million or C$0.22 per share in the same quarter a year ago.
Excluding items, normalized earnings were C$192.8 million or C$2.57 in the first quarter compared with C$1.7 million or loss of C$0.13 per share in the year-ago quarter. On average, eight analysts polled by Thomson Reuters expected the company to report earnings of C$0.62 per share.
Revenue for the quarter increased to C$3.323 billion from C$2.848 billion last year. The consensus estimate was for C$2.92 billion.
Conversion of Shares
Pantheon Resources plc ( Pantheon or the Company ), the AIM-quoted oil and gas exploration company with a 100% working interest in a number of oil projects adjacent to transportation and pipeline infrastructure on the Alaska North Slope, announces that it has received a notice of conversion, on a one to one basis, for 30,000,000 of the 63,890,478 ordinary shares not carrying voting rights ( Non-Voting Shares ) into ordinary shares carrying voting rights ( Voting Ordinary Shares ) in the Company (the Conversion ). The Conversion will be effective on Admission (as defined below).
The Non-Voting Shares were originally issued as part of the purchase consideration for the Great Bear Companies in January 2019, as previously announced. The Non-Voting Shares are convertible into Voting Ordinary Shares, on a one-for-one basis.
Canadian Tire Corporation Announces Election of Directors
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TORONTO, May 13, 2021 /CNW/ - Canadian Tire Corporation, Limited (the Company ) (TSX: CTC) (TSX: CTC.a) announced that at its Annual Meeting of Shareholders (the Meeting ) held today, the sixteen director nominees set out in the Company s Management Information Circular dated March 18, 2021, were elected as directors of the Company.
The following votes were cast in respect of the election of the 13 director nominees by the holders of Common Shares:
Nominee
0.03%
The following votes were cast in respect of the election of the three director nominees by the holders of Class A Non-Voting Shares: