Business
Sylogist Ltd. increases quarterly dividend by 20% announces results of AGM
/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISS...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\n\n\n/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE\n SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\n\nCALGARY, Feb. 21, 2012 /CNW/ - Sylogist Ltd. (\"Sylogist\" or the \"Company\") - (TSX-V:SYZ), is pleased to announce, commensurate with increasing cash flow from\n operations, a dividend of 3.0 cents per share on Sylogist's Common\n Shares, representing a 20% increase over the dividend declared and paid\n in the previous quarter. The dividend will be paid on March 15, 2012 to\n shareholders of record at the close of business on February 29, 2012\n and should be treated as an \"eligible dividend\" within the meaning of\n the Income Tax Act (Canada).\n\n\nFurther, the Company is pleased to announce that at its Annual General\n and Special Meeting held on February 16, 2012, the shareholders\n re-elected James D. Wilson, Ronald P. Cherkas, C. Fraser Elliott and\n David O.C. Elder as directors and appointed Deloitte & Touche LLP as\n auditors of the Company.  At its meeting following the AGM, the Board\n appointed Mr. Elliott (Chair), Mr. Cherkas and Mr. Wilson to the Audit\n Committee, and Mr. Cherkas (Chair) and Mr. Elliott to the Compensation\n Committee of the Board.  Concurrently, the Board, in accordance with\n the Corporation's Stock Option Plan, granted an aggregate 308,335\n options to purchase common shares of the Company at market to officers\n and directors of the Company.\n\n\nAbout Sylogist\n\n\nSylogist is a technology innovation and licensing company which, through\n strategic acquisitions, investments and operations management, provides\n intellectual property solutions to a wide range of public and private\n sector customers.\n\n\nThe Company's stock is traded on the TSX Venture Exchange under the\n symbol \"SYZ\".\n\n\nForward-looking Statements\n\n\nThis news release contains forward-looking statements relating to the\n future operations of the Corporation and other statements that are not\n historical facts. Forward-looking statements are often identified by\n terms such as \"may\", \"should\", \"anticipate\", \"expects\" and similar\n expressions. Any statements that are contained in this news release\n that are not statements of historical fact may be deemed to be\n forward-looking statements. Such forward-looking statements are subject\n to important risks,...