Lorne Park Capital Partners Receives Non-Objection from the Ontario Securities Commission on Going Private Transaction and Announces Bellwether Investment Management Inc. Settlement with Ontario Securities Commission

Executive Summary

• The Ontario Securities Commission has issued a non‑objection to Lorne Park Capital Partners Inc.’s previously announced plan of arrangement with an affiliate of Sagard Private Equity Canada LP.
• Under the arrangement, the Purchaser will acquire all outstanding shares of Lorne Park for C$2.23 per share, valuing the company at approximately C$126.8 million, with closing expected around mid‑October 2025.
• Bellwether Investment Management Inc., a subsidiary of Lorne Park, reached a final settlement with the OSC on KYC and trading compliance matters; new leadership appointments were announced for Bellwether.

Key Details

• Regulatory Approval: Ontario Securities Commission (OSC) granted non‑objection to the plan of arrangement.
• Transaction Structure: Cash acquisition of 100 % of Lorne Park’s issued and outstanding shares.
• Consideration: C$2.23 per share in cash.
• Implied Equity Value: Approximately C$126.8 million.
• Closing Timeline: Anticipated to close “as soon as reasonably practicable” and around mid‑October 2025, subject to satisfaction of all closing conditions.
• Shareholder Action Required: Shareholders must complete and sign the Letter of Transmittal, return certificates/DRS advice and any required documents to receive cash consideration.
• Reference Documents: Management Information Circular dated July 14 2025 and Letter of Transmittal are available on the company’s website and SEDAR+.
• Bellwether Settlement: Final settlement agreement with OSC resolves review of past deficiencies in Bellwether’s “know your client” processes and related trading obligations.
• Leadership Changes at Bellwether:
• Carlo Pannella appointed as new ultimate designated person and Chief Executive Officer.
• Alan Fustey appointed as interim Chief Compliance Officer.
• Quotes:

  “We are pleased to have resolved these matters and look forward to moving ahead with the support of Sagard,” said Robert Sewell, CEO of Lorne Park.

Notable Quotes

“Important steps have been taken over the last few years to enhance the compliance system, and we are committed to continuing this progress.” – Robert Sewell, CEO, Lorne Park Capital Partners Inc.