Sale of Shares by GDI Insiders

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

LASALLE, Quebec, May 15, 2020 (GLOBE NEWSWIRE) -- GDI Integrated Facility Services Inc. ("GDI" or the "Corporation") (TSX: GDI) announced today that Mr. Claude Bigras, President, Chief Executive Officer and Director of the Corporation, and Gestion Claude Bigras Inc. ("Gestion Claude Bigras"), a private corporation controlled by Mr. Claude Bigras, have entered into an agreement with National Bank Financial Inc. and Desjardins Capital Markets to sell, in aggregate, 568,010 subordinate voting shares in the capital of the Corporation by way of private placement.

Gestion Claude Bigras, which currently owns an aggregate of 3,346,089 multiple voting shares in the capital of the Corporation, representing approximately 15.6% of all of the issued and outstanding shares of the Corporation, agreed to convert 370,000 multiple voting shares into 370,000 subordinate voting shares, on a one-for-one basis, and to sell these subordinate voting shares (representing approximately 11.1% of its holding) at a gross price of $30.50 per share (the "Private Placement").

As part of the Private Placement, Mr. Claude Bigras, which currently owns an aggregate of 356,389 options to purchase subordinate voting shares, agreed to exercise 198,010 options issued to him by the Corporation in accordance with GDI's stock option plan and to sell, concurrently with the closing of the Private Placement, all the underlying subordinate voting shares issued in connection with the exercise of his options at a gross price of $30.50 per share.

Following the closing of the Private Placement, Claude Bigras will continue to own 158,379 options to purchase subordinate voting shares and Gestion Claude Bigras will continue to own an aggregate of 2,976,089 multiple voting shares in the capital of the Corporation, representing approximately 13.8% of the Corporation's total number of issued and outstanding shares, and 13.1% of the voting rights attached to all of the issued and outstanding shares of the Corporation. Gestion Claude Bigras has no other current plans to dispose of its remaining investment in the Corporation but may elect to further decrease its investment in the future based on market or other considerations, whether by way of sales on the market, by way of private placement or otherwise.