ISC to be Acquired by Plenary Americas in All-Cash Transaction

• Shareholders to receive $51.00 in cash per share, representing a premium of 55% over the closing unaffected market price prior to the Strategic Review 
• Values ISC at an enterprise value of approximately $1.2 billion
• The Transaction provides ISC with long-term, stable capital to support its growth ambitions with continuity of ISC's proven leadership
• ISC will remain a strong, independent Saskatchewan company headquartered in Regina, maintaining its commitment to customers and stakeholders through continued service standards, pricing and data protection
• The Transaction was unanimously approved by a Special Committee of independent directors and by the Board of Directors and represents the successful conclusion of ISC’s previously announced Strategic Review process
  
  

All amounts in Canadian dollars unless otherwise stated. 

REGINA, Saskatchewan, May 19, 2026 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISC) (“ISC” or the “Company”) today announced that it has entered into an arrangement agreement (the ”Arrangement Agreement”) with 102236027 Saskatchewan Ltd. (the “Purchaser”), a wholly owned subsidiary of Plenary Americas LP (“Plenary Americas”) pursuant to which ISC will be taken private for cash consideration (the “Consideration”) of $51.00 per Class A Limited Voting Share (the “Shares”) representing an enterprise value of $1.2 billion (the “Transaction”). The Transaction will be implemented by way of a plan of arrangement under The Business Corporations Act, 2021 (Saskatchewan) (the “SBCA”). The Transaction is expected to close in the third quarter of 2026.  

The purchase price represents a 55% premium over ISC’s closing unaffected share price immediately prior to ISC announcing the commencement of its strategic review of alternatives on September 8, 2025 (the “Strategic Review”). The Company embarked on a Strategic Review to identify opportunities to maximize value for all shareholders, and the process considered a wide range of potential outcomes, such as asset divestments, acquisitions, transformative business combinations, or a sale of ISC.

Following closing of the Transaction, the Class B Golden Share (the “Golden Share”) owned indirectly by the Government of Saskatchewan (the “Government”) through Crown Investments Corporation of Saskatchewan (“CIC”) will continue to be held by CIC with enhancements and additional benefits, including those introduced through recent amendments to The Information Services Corporation Act. These enhancements include added veto rights in respect of any transfer of ISC’s intellectual property or its assets or functions in relation to ISC’s operation of the Saskatchewan registries and a right at all times to appoint two directors to ISC’s board of directors. In addition, the Purchaser has made commitments intended to strengthen ISC’s unique brand and relationship with the Province of Saskatchewan while preserving jobs and generating economic activity within the province. All pricing and data residency matters will continue to be governed by the Amended and Restated Master Service Agreement dated July 5, 2023, between ISC and the Province of Saskatchewan, which extended the previous Master Service Agreement until 2053. Registry data will continue to be the property of the Government of Saskatchewan.   

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