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Two Leading Independent Proxy Advisory Firms Recommend Shareholders Vote "FOR" the Arrangement with Francisco Partners
CALGARY, Canada, June 05, 2026--Blackline Safety Corp. ("Blackline" or the "Company") (TSX: BLN), a global leader in connected safety technology, is pleased to announce that independent proxy advisory firms, including Institutional Shareholder Services ("ISS"), have recommended that shareholders vote "FOR" the proposed plan of arrangement (the "Transaction") with Apollo Purchaser, Inc. (the "Purchaser"), a newly formed corporation controlled by Francisco Partners Management, L.P. The special mee
About this update from Blackline Safety Corp.
CALGARY, Canada, June 05, 2026--(BUSINESS WIRE)--Blackline Safety Corp. ("Blackline" or the "Company") (TSX: BLN), a global leader in connected safety technology, is pleased to announce that independent proxy advisory firms, including Institutional Shareholder Services ("ISS"), have recommended that shareholders vote "FOR" the proposed plan of arrangement (the "Transaction") with Apollo Purchaser, Inc. (the "Purchaser"), a newly formed corporation controlled by Francisco Partners Management, L.P. The special meeting of shareholders of Blackline (the "Meeting") to approve the Transaction is scheduled for June 15, 2026. Under the Transaction, shareholders will receive $9.00 in cash per share plus one contingent value right ("CVR") per share, entitling holders to a potential cash payment of up to $0.50 per CVR if the Company achieves a certain annualized recurring revenue target in fiscal 2027. The Meeting will be held at the offices of Burnet, Duckworth & Palmer LLP located at 2400, 525 – 8th Avenue SW, Calgary, Alberta T2P 1G1 on June 15, 2026 at 9:00 a.m. (Calgary time). The management information circular and related documents can be accessed online on Blackline's website at https://investors.blacklinesafety.com/shareholder-special-meeting and on Blackline's SEDAR+ profile at www.sedarplus.ca. The recommendations from the independent proxy advisory firms, including ISS, follow the unanimous recommendation of Blackline's special committee of independent directors (the "Special Committee") and its board of directors (with all interested directors abstaining) that shareholders vote FOR the Transaction. Jason Cohenour, Chair of the Special Committee commented: "We are pleased that the leading independent proxy advisory firms have recognized the benefits and merits of the Transaction for Blackline shareholders and have recommended that shareholders vote in favour of the Transaction. These recommendations support the conclusions and recommendations of the Special Committee, who oversaw a robust strategic review and sales process. The Transaction provides shareholders with the opportunity to realize immediate and certain value in cash for their investment at a significant premium to recent trading levels and potential additional value through the CVRs....
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