Information Services Corporation to Be Acquired by Plenary Americas for $51 per Share

A wholly owned subsidiary of Plenary Americas LP, under which ISC will be taken private. 2 billion. The transaction is expected to close in the third quarter of 2026 under a plan of arrangement governed by Saskatchewan law. The purchase price represents a 55 percent premium over ISC's closing unaffected share price immediately prior to the company announcing its strategic review of alternatives on September 8, 2025.

ISC began the review to identify options that would maximize value for shareholders, including asset divestments, acquisitions, business combinations, or a sale of the company. The transaction was unanimously approved by a Special Committee of independent directors and by the Board of Directors.

Following the closing, the Class B Golden Share owned indirectly by the Government of Saskatchewan through Crown Investments Corporation of Saskatchewan will continue to be held by CIC. The share will include added veto rights over any transfer of ISC's intellectual property or assets related to the operation of Saskatchewan registries, along with the right to appoint two directors to the board at all times.

Pricing and data residency matters will remain governed by the Amended and Restated Master Service Agreement dated July 5, 2023, which extends until 2053. Registry data will continue to be the property of the Government of Saskatchewan. ISC will remain headquartered in Regina and maintain its commitment to customers and stakeholders through continued service standards, pricing, and data protection.

The purchaser has made commitments intended to preserve jobs and generate economic activity within the province.

"Over the course of a comprehensive Strategic Review, the Special Committee evaluated a wide range of alternatives with a view to maximizing value for shareholders, while securing ISC's future as a Saskatchewan-based company," said Dion Tchorzewski, Chair of the Special Committee.

"ISC has built a strong, resilient business that has consistently delivered for our stakeholders, running the registries that underpin Saskatchewan's economy and delivering critical services to other customers across the country and internationally," said Shawn Peters, ISC's President and CEO.

"We see a strong alignment between Plenary Americas' long-term approach to developing and investing in essential infrastructure and ISC's proven capabilities in delivering critical public registry services and technology as well as complementary services to banks, law firms, and other financial and legal customers," said Brian Budden, President & CEO of Plenary Americas.