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Blackline Safety Shareholders Approve Arrangement with Francisco Partners
CALGARY, Canada, June 15, 2026--Blackline Safety Corp. ("Blackline" or the "Company") (TSX:BLN), a global leader in connected safety technology, today announced that shareholders of the Company (the "Shareholders") have approved the previously announced plan of arrangement (the "Arrangement") with an affiliate of Francisco Partners Management, L.P. (the "Purchaser") at a special meeting of Shareholders held today (the "Meeting"). Pursuant to the Arrangement, the Purchaser will acquire: (I) all o
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CALGARY, Canada, June 15, 2026--(BUSINESS WIRE)--Blackline Safety Corp. ("Blackline" or the "Company") (TSX:BLN), a global leader in connected safety technology, today announced that shareholders of the Company (the "Shareholders") have approved the previously announced plan of arrangement (the "Arrangement") with an affiliate of Francisco Partners Management, L.P. (the "Purchaser") at a special meeting of Shareholders held today (the "Meeting"). Pursuant to the Arrangement, the Purchaser will acquire: (I) all of the issued and outstanding shares of the Company ("Shares") (other than in respect of certain Shares that will be rolled over for equity of the Purchaser or an affiliate thereof (the "Rollover Shares")) for up to $9.50 per Share, comprised of $9.00 per Share in cash on closing of the Arrangement plus a contingent value right of up to $0.50 per Share; and (ii) all of the Rollover Shares for equity of the Purchaser or an affiliate thereof. The special resolution approving the Arrangement required approval by at least: (i) 66 2/3% of the votes cast by Shareholders present in person or represented by proxy at the Meeting; and (ii) a simple majority of the votes cast by Shareholders present in person or represented by proxy at the Meeting, excluding those votes attached to Shares held by Shareholders required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The voting results from the Meeting are as follows: Subsequent to the Meeting, Blackline also obtained a final order approving the Arrangement from the Court of King's Bench of Alberta. The Arrangement remains subject to customary closing conditions and is expected to close in late June or early July. For additional details regarding the voting results for the Meeting, see the Company's Report of Voting Results filed pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations available on the Company's profile on SEDAR+ at www.sedarplus.ca. Additional information regarding the Arrangement is available in Blackline's management information circular dated May 12, 2026, available under Blackline's profile on SEDAR+ at www.sedarplus.ca. About Blackline Safety: Blackline Safet...
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