K-Bro declares December 2021 dividend

(TSX: KBL)

EDMONTON, AB, December 15, 2021 / CNW / – K-Bro Linen Inc. (TSX: KBL) (the “Company”) today announced a dividend of 10.00 cents CDN per common share of the Company for the period from December 1 to 31, 2021, to pay the January 14, 2022 to registered holders of common shares on December 31, 2021.

It is the policy of the Company that shareholders of record on the last business day of a calendar month receive dividends within fifteen days of the end of that month. K-Bro designates this dividend as an eligible dividend in accordance with subsection 89 (14) of the Income Tax Act (Canada) and similar provincial and territorial laws.

COMPANY PROFILE

K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro provides a full range of household and operating room linen processing, management and distribution services to healthcare facilities, hotels and other commercial accounts. K-Bro currently operates nine processing plants under three distinct brands, including K-Bro Linen Systems Inc., Buanderie HMR and Les Buanderies Dextraze, in eight Canadian cities: Quebec, Montreal, Toronto, Edmonton, Calgary, Regina, Vancouver and Victoria.

Fishers was established in 1900 and is an operator of laundry and linen processing facilities in Scotland, providing linen, work wear and cleanroom clothing rental services to the hospitality, healthcare, manufacturing and pharmaceutical industries. Fishers’ clientele includes major hotel chains and prestigious locations across Scotland and the northeast of England. The company operates sites in Scotland and the northeast of England with facilities in Cupar, Perth, Newcastle, Livingston and Coatbridge.

Additional information regarding the Company, including required securities filings, is available on our website at www.k-brolinen.com and on the website of the Canadian Securities Administrators at www.sedar .com; the Electronic Document Analysis and Search System (“SEDAR”).

K ‑ Bro is the largest owner and operator of laundry facilities in Canada. K ‑ Bro provides a wide range of laundry services to healthcare facilities, hotels and other business customers. K ‑ Bro currently operates nine factories under three distinctive brands, including K-Bro Linen Systems Inc., Buanderie HMR and Les Buanderies Dextraze, in eight Canadian cities: Quebec, Montreal, Toronto, Edmonton, Calgary, Regina, Vancouver and Victoria.

You can obtain additional information about the Company, including documents filed with regulatory authorities, on our website at www.k-brolinen.com and on the website of the Canadian securities regulatory authorities at www.sedar. com, the Electronic Data Analysis and Research System (“SEDAR”) website.

SOURCE Linen K-Bro Inc.

Cision

See original content: http://www.newswire.ca/en/releases/archive/December2021/15/c7370.html

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