Business
Onex Announces An "Event of Change" Affecting the Voting Rights of Its Multiple and Subordinate Voting Share Classes
All amounts in U.S. dollars unless otherwise stated  TORONTO, May 11, 2026 (GLOBE NEWS...
About this update from Onex Corporation
Onex Announces An “Event of Change” Affecting the Voting Rights of Its Multiple and Subordinate Voting Share Classes All amounts in U.S. dollars unless otherwise stated  TORONTO, May 11, 2026 (GLOBE NEWSWIRE) -- Onex Corporation (TSX: ONEX, “Onex”) today announces the occurrence of an “Event of Change” as defined in Onex’ articles of incorporation (the “Articles”). As a result, certain voting rights associated with Onex’ issued and outstanding Subordinate Voting Shares (the “SVS”) and Multiple Voting Shares (the “MVS”) have been affected. Following the Event of Change, holders of SVS are now entitled to one vote per share for each SVS held at shareholder meetings and are entitled to elect 80% of the members of the Onex Board of Directors; whereas, holders of MVS are now entitled to 20% of the members of the Onex Board of Directors and will no longer be entitled to vote at shareholder meetings except as provided by the Articles or applicable law. The Articles include a sunset provision pursuant to which Onex will repurchase the MVS for nominal consideration on May 11, 2029 or earlier if Mr. Gerald W. Schwartz, together with his immediate family, cease to own at least 5% of the outstanding SVS. Mr. Schwartz currently beneficially owns, controls or directs approximately 10.6% of the outstanding SVS. About Onex Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $59.2 billion in assets under management, of which $8.7 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms. Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca. Forward-Looking Statements This press release may contain...