Information Services Corp. Class A TSX:ISC

ISC and Plenary Americas Announce Completion of Transaction

Published

Source: Yahoo Finance

ISC and Plenary Americas Announce Completion of Transaction

REGINA, Saskatchewan, July 06, 2026 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISC) ("ISC" or the "Company") announced today the completion of the previously announced acquisition of ISC by a wholly-owned subsidiary of Plenary Americas LP ("Plenary Americas") by way of a statutory plan of arrangement under The Business Corporations Act, 2021 (Saskatchewan) (the "Transaction").  Pursuant to the Transaction, holders of ISC's Class A Limited Voting Shares (the "Shares") will receive cash consideration of CAD$51.00 per Share (other than certain members of ISC's senior management who have entered into equity rollover agreements to retain an interest in ISC in respect of the Shares owned by them). The Transaction valued ISC at an approximate implied enterprise value of $1.2 billion.

The Shares are expected to be delisted from the Toronto Stock Exchange shortly after the date hereof. ISC intends to apply to cease to be a reporting issuer under applicable Canadian securities laws, subject to regulatory approval.

Additional details of the Transaction are set out in ISC's management information circular dated May 27, 2026 available under ISC's profile on SEDAR+ at www.sedarplus.ca.

"This marks an important new chapter for ISC," said Shawn Peters, President and Chief Executive Officer of ISC. "Plenary Americas is a strong long-term partner that shares our commitment to delivering essential registry and data services, investing in innovation, and supporting our customers and stakeholders. Together, we are well-positioned to continue building on a Saskatchewan success story with a proven track record of growth and operational excellence."

"ISC is a highly respected business and the addition of the Company to our portfolio marks our entrance into an exciting new infrastructure vertical," said Brian Budden, President and CEO of Plenary Americas. "We look forward to supporting ISC's continued growth and innovation while maintaining its focus on reliability, security and service excellence."

ISC will continue to operate from its headquarters in Regina, Saskatchewan and deliver services across its key segments, including Registry Operations, Services, and Technology Solutions. Through this transaction, ISC gains access to additional capital and Plenary Americas' global infrastructure expertise, supporting ongoing investment in service delivery, technology, and strategic growth opportunities.

Board of Directors Changes

In connection with the completion of the Transaction, Roger Brandvold, Tony Guglielmin, Iraj Pourian, Laurie Powers, Jim Roche, Heather Ross, Joel Teal and Dion Tchorzewski are resigning as directors of the Board of Directors (the "Board") of ISC.  Plenary Americas is making its own appointments. Further, as part of Plenary Americas' commitment to Saskatchewan, the Government of Saskatchewan has appointed two directors to the Board of the Company, ensuring that Saskatchewan interests and objectives are represented at the Board level.