Business
Route1 Inc. Adopts Shareholder Rights Plan
TORONTO, ON / ACCESS Newswire / June 10, 2026 /Route1 Inc. ("Route1" or the "Company") (TSXV:ROI), a provider of technology-enabled services focused on parking operations, public safety, and mobility, is pleased to announce that it has adopted a shareholder ...
About this update from Route1 Inc.
TORONTO, ON / ACCESS Newswire / June 10, 2026 / Route1 Inc. ("Route1" or the "Company") (TSXV:ROI), a provider of technology-enabled services focused on parking operations, public safety, and mobility, is pleased to announce that it has adopted a shareholder rights plan (the "Rights Plan") effective as of June 10, 2026 (the "Effective Date"). The Rights Plan has been adopted with a view to ensuring, to the extent possible, that all shareholders of the Company are treated fairly in connection with any takeover bid for the Company. Pursuant to the Rights Plan, one right (the "Right") attaches to each common share of the Company issued and outstanding from time to time. Subject to the terms of the Rights Plan, the Rights become exercisable in the event that any person, (together with any affiliates, associates and persons acting in concert, as applicable (the "Related Parties") becomes a beneficial holder of 20% or more of the Company's outstanding common shares without complying with the "Permitted Bid" provisions pursuant to the Rights Plan. In such circumstances holders of the Rights (other than the acquiring person and its Related Parties) will be permitted to exercise their Rights and purchase additional common shares of the Company at a substantial discount to the then market price of the Company's shares. The Rights Plan does not prohibit interested parties from proceeding with an unsolicited take-over bid in accordance with applicable Canadian securities laws. While the Rights Plan is effective immediately, it is subject to (i) execution by Computershare Investor Services Inc., the proposed rights agent, (ii) ratification by the Company's shareholders within six months of its adoption and (iii) regulatory acceptance. A summary of the principal terms of the Rights Plan will be included in the management information circular for the meeting to be held within six months to ratify the Rights Plan which will be sent to all of the Company's shareholders as of the applicable record date for such meeting and a complete copy of the Rights Plan will be available under the Company's profile on SEDAR+ at www.sedarplus.com. If the Rights Plan is not approved by the shareholders within six months of the Effective Date it, together with the outstanding Rights, will terminate a...