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Liquor Stores NA Ltd (LIQ.TO)

LIQ.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Liquor Stores Na says ‍selling its 15 liquor barn retail stores in Kentucky
Monday, 20 Nov 2017 07:30am EST 

Nov 20 (Reuters) - Liquor Stores Na Ltd :Liquor Stores Na says ‍selling its 15 liquor barn retail stores in Kentucky & entering into negotiations to sell its 51% interest in Birchfield ventures.Liquor Stores Na - completion of both Kentucky, Birchfield transactions will reduce co's long-term debt levels by up to $47 million (US$37 million)​.Liquor Stores Na Ltd -‍ liquor stores will also close its U.S. head office and will no longer have any U.S.-based executives or senior management​.Liquor Stores - ‍completing Kentucky, Birchfield transactions will end co's obligation to buy remaining 49% interest in Birchfield as early as Jan 1, 2019.Liquor Stores Na Ltd - ‍is also currently in discussions with a third party about sale of its store in Norwalk, Connecticut​.Liquor Stores Na - ‍sold the 15 stores in Kentucky to Blue Rose Spirits Llc, deal generated gross proceeds of about $33.4 million (US$26.15 million) on closing​.Liquor Stores Na says is ‍finalising sale of its indirect 51% interest in Birchfield for anticipated gross proceeds of about $3.8 million (US$3.0 million)​.Liquor Stores Na - ‍sold 15 stores in Kentucky to Blue Rose Spirits Llc , unit of Blue Equity Llc, for gross proceeds of about $33.4 million (US$26.15 million)​.Liquor Stores - if Birchfield/Connecticut transactions not completed, co may elect to pursue sale with another party or not to sell interest at this time​.  Full Article

Liquor Stores N.A. Ltd. reports third quarter 2017 results
Thursday, 9 Nov 2017 08:18pm EST 

Nov 9 (Reuters) - Liquor Stores Na Ltd :Liquor Stores N.A. Ltd. reports third quarter 2017 results; provides further detail on strategy to transform the business.Liquor Stores NA Ltd-qtrly ‍basic earnings per share $0.14​.Qtrly ‍consolidated sales were $204.4 million, down 2.1% from $208.8 million​.Qtrly ‍Canadian same-store sales were $126.3 million, down 1.6% from $128.3 million in Q3 2016​.Qtrly ‍U.S. same-store sales were $51.0 million USD, down 2.9% from $ 52.6 million USD in Q3 2016​.Q3 earnings per share view C$0.19, revenue view c$205.6 million -- Thomson Reuters I/B/E/S.  Full Article

Liquor Stores considering selling Kentucky Locations
Friday, 13 Oct 2017 08:00am EDT 

Oct 13 (Reuters) - Liquor Stores Na Ltd :Liquor Stores announces it's considering selling Kentucky Locations.Liquor Stores - ‍entered preliminary non-binding term sheet with a third party for proposed sale of 15 Liquor Barn locations in Kentucky​.Liquor Stores terms of potential transaction are being negotiated and have not been finalized​.Liquor Stores - if deal not completed, co may elect to sell to another party or, might not to further pursue sale of any or all Kentucky Locations.  Full Article

Liquor Stores to change frequency of dividend payments to quarterly, effective for Q4
Tuesday, 15 Aug 2017 05:32pm EDT 

Aug 15 (Reuters) - Liquor Stores NA Ltd :Liquor Stores NA Ltd - effective for Q4 of 2017, company will change frequency of dividend payments to quarterly.Liquor Stores NA Ltd - anticipates paying a dividend of $0.09 per quarter rather than previous monthly dividend.  Full Article

Liquor Stores posts qtrly adj share $0.11
Wednesday, 9 Aug 2017 11:35pm EDT 

Aug 9 (Reuters) - Liquor Stores Na Ltd :Liquor Stores NA Ltd reports second quarter 2017 results, new members of senior management changes to board, and change to the frequency of dividend payments.Qtrly Canadian same-store sales were $119.6 million, down 3.9 percent.Qtrly adjusted basic earnings per share $ 0.11.Qtrly US Same-Store sales were $52.5 million, down 4.5 percent.Richard Perkins has stepped down from board to take on role of executive vice president.Announced appointment of Kenneth Barbet as new chief executive officer of company, effective as of today.Qtrly sales $208 million versus $ 209.2 million.From Q4, anticipates paying a dividend of $0.09 per quarter rather than previous monthly dividend of $0.03.  Full Article

Liquor Stores says intends to appoint Kenneth Barbet as CEO
Friday, 7 Jul 2017 08:30am EDT 

July 7 (Reuters) - Liquor Stores Na Ltd :Liquor Stores N.A. Ltd. announces leadership change.Liquor Stores NA Ltd says intends to appoint Kenneth G. Barbet as president and chief executive officer of company effective in early August.Liquor Stores NA Ltd says Stephen Bebis, current president and CEO, ending his tenure with company effective immediately.Liquor Stores NA Ltd says Peter Lynch will act as interim president and CEO until Mr. Barbet commences his duties.  Full Article

Liquor Stores N.A. announces election of new Board
Tuesday, 20 Jun 2017 02:54pm EDT 

June 20 (Reuters) - Liquor Stores NA Ltd ::Liquor Stores N.A. Ltd. announces results of shareholder meeting, election of new Board.New Board of Directors of Liquor Stores comprises two incumbent directors, Gary Collins and Peter Lynch.Following meeting, Derek Burney was appointed Chair of Board.New Board comprises Derek Burney, John Barnett, Karen Prentice, Kenneth Barbet, James Burns, Richard Perkins, nominated by PointNorth Capital.  Full Article

Alberta Securities Commission dismisses application by Pointnorth Capital
Monday, 19 Jun 2017 06:11pm EDT 

June 19 (Reuters) - Liquor Stores Na Ltd -:Alberta Securities Commission - following a hearing on june 16, dismissed application by pointnorth capital inc., pointnorth capital (gp) lp, others.Alberta Securities Commission - dismissed application with respect to solicitation of proxies for scheduled meeting of shareholders of liquor stores n.a..Alberta Securities Commission - panel found that there was "insufficient grounds" to grant orders sought by pointnorth entities.  Full Article

Liquor Stores says six board members will not stand for re-election at annual meeting
Monday, 19 Jun 2017 08:30am EDT 

June 19 (Reuters) - Liquor Stores Na Ltd :Liquor stores n.a. ltd. Provides update on annual meeting.Liquor stores na ltd - 6 board members have advised co they will not be standing for re-election at annual meeting.Says ‍directors reached decision after assessing, among other things, proxies voted by shareholders​.Liquor stores na ltd - two incumbent directors are gary collins and peter lynch.  Full Article

Liquor Stores says application by activist Pointnorth Capital to ASC is "without merit"
Tuesday, 13 Jun 2017 02:06pm EDT 

June 13 (Reuters) - Liquor Stores NA Ltd ::Liquor Stores NA says ‍an application by activist Pointnorth Capital to Alberta Securities Commission (ASC) is "without merit".Liquor Stores NA Ltd says ‍soliciting dealer arrangement put in place by liquor stores is in "public interest​".Liquor Stores NA says it recommends that shareholders vote white proxy for board's eight incumbent nominees.  Full Article

BRIEF-Liquor Stores Na says ‍selling its 15 liquor barn retail stores in Kentucky

* Liquor Stores Na says ‍selling its 15 liquor barn retail stores in Kentucky & entering into negotiations to sell its 51% interest in Birchfield ventures