Business
CCL Reports First Quarter 2008 Results and Declares Dividend
TORONTO, May 8 /CNW/ - Dear Shareholder: Please find enclosed the First Quarter 2008 Investor Pac...
About this update from Ccl Industries Inc. Class A
[{"type":"text","content":"\n\n\n\nTORONTO, May 8 /CNW/ -\n\n\nDear Shareholder:\n\n\nPlease find enclosed the First Quarter 2008 Investor Package for CCL\nIndustries Inc.\n\n\nYour Company continues to expand its product offerings and to grow\ngeographically. In April, we announced the acquisition of Clear Image Labels\nPty Ltd located in Australia, our first foray into that continent and also our\ninitial entry into the pressure sensitive wine label business. The global wine\nindustry continues to grow rapidly and we are pleased to have an opportunity\nto serve this new product category and to expand it internationally over time.\n\n\nAs part of CCL's succession planning process, I will be relinquishing my\nrole as Chairman of your Board of Directors effective with the Annual General\nMeeting today. Donald Lang will be assuming the new position of Executive\nChairman of the Board of CCL and Geoffrey Martin will become President and\nChief Executive Officer. I am pleased to continue my active involvement in CCL\nas I will be assuming the position of Lead Director to your Board of\nDirectors. I have very much enjoyed my time as Chairman and look forward to\nthe continued development of CCL under this new corporate structure.\n\n\nAs a result of the continued favourable cash flow generation and the\nsolid financial position of the Company, your Board of Directors is pleased to\ncontinue the dividends at the level approved last quarter when it was\nincreased by 17%. The quarterly dividend is $0.14 per Class B non-voting share\nand $0.1275 per Class A voting share and is payable on June 30, 2008 to\nshareholders of record as at June 16, 2008.\n\n\nConference calls with our stakeholders are held following the release of\nour quarterly results and when significant events require additional\ncommunication. These calls are made to ensure that all stakeholders are kept\ncurrent with our business developments and to support our good corporate\ngovernance practices. Presentation materials used during conference calls and\nformal investor meetings are posted on our website along with audio recordings\nof the meetings. Instructions for accessing these services are set out at the\nend of this earnings release.\n\n\nWe encourage all shareholders to access our website www.cclind.com on a\nregular basis for investor and company news including scheduled dates for\nfuture ...