Author: Derek Beard

Press Releases

Park Lawn Corporation Announces Normal Course Issuer Bid

TORONTO, ONTARIO – (August 11, 2022) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC“) announced today that it has received approval from the Toronto Stock Exchange (the “TSX“) respecting the establishment of a normal course issuer bid (“NCIB“). Under the NCIB, PLC may, during the twelve-month period commencing August 17, 2022 and ending August 16, 2023 purchase up to 3,385,439 common shares (“Common Shares“) representing 10% of its public float of issued and outstanding Common Shares. As at August 8, 2022, there are 34,073,818 Common Shares issued and outstanding and 33,854,396 Common Shares estimated in the “public float”, calculated in accordance with TSX rules. All Common Shares purchased by PLC under the NCIB will be cancelled or transferred to and held

Park Lawn Corporation Releases Q2 2022 Results and Announces Appointment of New Directors to the Board

TORONTO, ONTARIO (August 11, 2022) – Today, Park Lawn Corporation (TSX: PLC; PLC.U) (“PLC”, “Park Lawn”, or the “Company”) announced its results for the second quarter (“Q2”) ended June 30, 2022: “As the death rate normalized over the second quarter, we experienced a meaningful decrease in national mortality which affected our cemetery operations more significantly than our funeral homes. Specifically, we saw a decrease in our at-need cemetery sales as a direct result of the decrease in the death rate and, related thereto, a decrease in pre-need property sales in certain of our businesses. In connection with this expected pull-back, we worked to leverage our position in the markets in which we operate through pricing adjustments, as well as through

Park Lawn Completes Acquisition of Farris

TORONTO, ONTARIO/August 8, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC” or “Park Lawn”) has completed the previously announced acquisition of substantially all the assets of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (“Farris”), a group of businesses consisting of one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia.  “For 70 years, our family has served the families of the Washington County region and surrounding area with compassion, integrity and excellence.  Through our partnership with Park Lawn, we will continue this unparalleled level of service as my brother, David Farris, returns to lead the business and maintain our ties with the community,” stated Kim Farris Luke, a former co-owner of Farris.

PLC Executes on its Growth Strategy by Expanding into Western Tennessee and Opening Westminster Funeral, Visitation and Reception Centre

TORONTO, ONTARIO/August 3, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or “PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Shackelford Corporation (“Shackelford”), a group of businesses consisting of eight stand-alone funeral homes, two stand-alone cemeteries and one on-site funeral home and cemetery located in and around the Savannah, Tennessee area. The transaction is anticipated to close in early September 2022 following the receipt of regulatory approval.  “Shackelford is a strategic addition to Park Lawn’s portfolio as it expands across Tennessee into the western half of the state,” said J. Bradley Green, CEO of PLC.  Mr. Green continued, “Five generations of the Shackelford family have

Park Lawn Second Quarter 2022 Financial Results Released on Thursday, August 11, 2022 and Earnings Conference Call on Friday, August 12, 2022 at 9:30 a.m. (EST)

TORONTO, ONTARIO – (July 29, 2022)  – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”)  announced today that it will release its second quarter financial results for 2022 on Thursday, August 11, 2022.  PLC will host a conference call at 9:30 a.m. (EST) on Friday, August 12, 2022 to discuss its Q2 2022 financial results.  Details of the conference call are as follows:  Date: Friday, August 12, 2022 Time: 9:30 a.m. EST Dial-in Number:  Toll Free (888) 506-0062 | Conference ID: 800347 To ensure your participation, please join approximately five minutes prior to the scheduled start of the conference call. About Park Lawn Corporation PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are

Park Lawn Corporation to Host 2022 Investor Day on Thursday, September 29th in Nashville, Tennessee

TORONTO, ONTARIO – (July 11, 2022) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that it will host an Investor Day on Thursday, September 29, 2022, in Nashville, Tennessee. The event will be held in-person at the JW Marriott, located at 201 8th Avenue, beginning at 9:00 a.m. CST and is expected to conclude by approximately 11:00 a.m. CST. Additionally, following the event, PLC will host a tour of one of its premier funeral and cemetery locations for interested parties. During the event, attendees will hear from Chief Executive Officer, Brad Green, President and Chief Operating Officer, Jay Dodds and other members of the PLC management team who will discuss PLC’s innovative approach to operations as well as its

PLC Enters Virginia and Further Expands its Footprint in the Southeast

TORONTO, ONTARIO/July 7, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC”) is pleased to announce that it has entered into a definitive agreement to acquire substantially all of the assets of Farris Funeral Service, Inc. and Affiliated Service Group, Inc. (collectively, “Farris”), a group of businesses consisting of one stand-alone funeral home and one on-site funeral home and cemetery located in Abingdon, Virginia.  The transaction is anticipated to close in early August 2022 following the receipt of regulatory approval.  “We are excited to continue our strategic growth in the southeast by entering into the Virginia market with the Farris businesses,” said J. Bradley Green, Chief Executive Officer of PLC.  Mr. Green continued, “Not only is Farris proximately located to

Park Lawn Corporation Announces Second Quarter 2022 Dividend

TORONTO, ONTARIO – (June 23, 2022) – Park Lawn Corporation (TSX:PLC, PLC.U) (“PLC”) announced today that the quarterly dividend of $0.114 per share will be payable on July 15, 2022 to shareholders of record as at June 30, 2022. PLC offers a Dividend Reinvestment Plan (“DRIP”) which allows eligible shareholders of PLC to reinvest their cash dividends into additional common shares of PLC, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issued will be the volume weighted trading price of PLC’s common shares over the five business days immediately preceding such dividend payment date less

Park Lawn Completes Acquisition of Hudson Business

TORONTO, ONTARIO/June 6, 2022/ACCESSWIRE – Park Lawn Corporation (TSX: PLC, PLC.U) (“PLC” or “Park Lawn”) is pleased to announce that it has completed the previously announced acquisition of substantially all the assets of Hudson Funeral Home & Cremation Services (“Hudson”), a business consisting of one stand-alone funeral home located in Durham, North Carolina.  “For over 100 years, our family has remained deeply rooted in the traditions of the families we serve in the greater Durham area and surrounding communities.  We are excited to join an organization that aligns with our values and prioritizes the service of families above all else,” stated Tommy and Mary Hudson, former owners of Hudson. “The addition of Hudson complements Park Lawn’s existing North Carolina businesses

Park Lawn Corporation Announces Results of 2022 Annual and Special Meeting of Shareholders

TORONTO, ONTARIO (June 1, 2022) – Park Lawn Corporation (TSX: PLC, PLC.U) (“Park Lawn” or the “Company”) announced the results from its Annual and Special Meeting of Shareholders (the “Meeting”) held earlier today. A total of 22,773,765 of Park Lawn’s common shares (“Shares”) (representing approximately 66.97% of the issued and outstanding Shares as of the record date for the meeting) were represented at the Meeting. The vote was conducted by online ballot. Each of Park Lawn’s eight directors were elected at the Meeting by a resolution passed by the shareholders present or represented by proxy at the Meeting, to hold office until the close of the next annual meeting of shareholders. The results of the vote are detailed below: Nominee

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