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Shareholder Information

ADF Group Inc.
Toronto Stock Exchange: TSX: DRX

Shareholding Information

In accordance with its internal policies and guidelines, the Corporation diligently reports all relevant financial information. In addition, when the Corporation publishes its financial results or announces major contract awards or any other material information, it enforces a blackout period for its directors and managers, as well as for its personnel who wish to trade on ADF Group’s securities. For more detail, please refer to the Management Information Circular.

Notice: Our website contains links to other sites to give you access to additional sources of information. When you click one of these links, you will leave the ADF Group website. ADF Group Inc. may not be held responsible for the content or operation of these sites.

Securities Trading

ADF Group Inc. Subordinate Voting Shares and Multiple Voting Shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbol DRX.

NOTICE: By clicking on the TSX link, you will be leaving the ADF Group Inc. website.

Number of Issued and Outstanding Shares (as at July 31, 2023)

14,343,107 multiple voting shares (10 votes per share)
18,297,099 subordinate voting shares (1 vote per share)



Fiscal Year End

January 31

Next financial Reporting

Three-Month and Nine-Month Periods Ended October 31, 2023

Next Conference Call with Investors and Financial Analysts: December 7, 2023 at 10:00 a.m. (Montreal time)

To join the conference call without operator assistance, you can register with your phone number on to receive an instant automated call back.

You can also join the conference call with operator assistance by dialing 1 (888) 390-0620 a few minutes prior to the conference call scheduled start time.

Members of the media are invited to listen in.

A replay of the conference call will be available from 1:00 p.m, December 7, 2023, until 11:59 p.m., December 14, 2023, by dialing 1 (888) 259-6562; followed by the access code 107524 #.

The audio of the conference call will also be available for 90 days. Click here to access.


ADF Group Inc.’s Annual General Shareholder Meeting took place on June 7, 2023 at 11:00 a.m. (EST) via live webcast

The AGM presentation will be archived for a period of one year and available at:

Corporate Dividend Policy

Directors decided, during the fiscal year ended January 31, 2012, to start declaring and paying a cash dividend on a semi-annual basis. At the time of the payment of dividends, the Board of Directors will consider a number of factors, which will determine the amounts thereof, including the Corporation’s current and expected net earnings, cash flows and capital requirements, while complying with the rules governing the Corporation. Nothing can guarantee the amount of the dividends or when they will be declared or paid in the future. The Board of Directors may review this policy from time to time.

The holders of outstanding Multiple Voting Shares and the Subordinate Voting Shares are entitled to receive dividends on a share-for-share basis out of the assets legally available therefore at such times and in such amounts as the Board of Directors of the Corporation may determine, but without preference or distinction among or between the Multiple Voting Shares and the Subordinate Voting Shares.

For more details, please consult ADF Group Inc.’s most recent Annual Information Form [PDF].


Dividends paid by ADF Group Inc. to Canadian residents are eligible dividends for Canadian income tax purposes.

On April 12, 2023, ADF Group’s Board of Directors approved the payment of a semi-annual dividend of $0.01 per share, payable on May 17, 2023 to Shareholders of Record as at April 28, 2023.

Independent Auditor

PricewaterhouseCoopers LLP 
1250 René Lévesque Boulevard West, Suite 2500
Montreal, Quebec, Canada H3B 4Y1

Transfer Agent and Registrar

Computershare Trust Company of Canada
1500 Robert-Bourassa Boulevard, Suite 700
Montreal, Quebec, Canada H3A 3S8


Investor Relations

To receive information published by ADF, you are invited to subscribe to our mailing list by sending your request to:

ADF Group Inc.

Investor Relations
300 Henry-Bessemer
Terrebonne, Quebec, Canada J6Y 1T3
Tel.: (450) 965-1911
Toll free: 1 (800) 263-7560

Computershare Investor Services Inc.

1500 Robert-Bourassa Boulevard, Suite 700
Montreal, Quebec, Canada H3A 3S8
Tel.: (514) 982-7888
Fax: (514) 982-7635