ISC Announces Shareholder and Court Approval of All-Cash Transaction With Plenary Americas

On June 26, 2026, ISC announced that shareholders voted overwhelmingly (99.84% of votes cast) to approve the acquisition by Plenary Americas. The Court of King’s Bench of Saskatchewan granted the final order. The transaction remains subject to customary conditions and a specific legislative amendment (The Information Services Corporation Amendment Act, 2026). A quarterly dividend of $0.23 per share was declared for holders of record June 30, payable by July 15, 2026. These are the final procedural hurdles before closing in Q3 2026.

The transaction was originally announced on May 19, 2026: all-cash at CAD$51.00 per Class A share, enterprise value ~CAD$1.2 billion, a 55% premium to the unaffected price. Shareholder support is locked in, and the consideration is not conditional on financing.

The shareholder and court approvals are the final de-risking events. They were widely expected given (i) binding support agreements covering 29.5% of shares, (ii) unanimous board recommendation, (iii) proxy advisory endorsements, and (iv) the financial certainty of the all-cash offer. The stock had already converged to the $51.00 deal price, and the tiny remaining spread reflected only the timing of the final court order/legislative step. This news is exactly what the market had priced in; it contains no new information that changes the value or probability of the deal. Therefore, the impact on the stock is immaterial and routine.

Information Services Corporation (ISC) is the exclusive provider of land titles, personal property, corporate, and other public registries for the Province of Saskatchewan under long-term agreements. It also provides technology solutions and regulatory/recovery services (e.g., asset recovery for vehicle lenders) across North America. The company is uniquely protected by regulatory status and a “Golden Share” held by the Saskatchewan government, ensuring continued local operations and oversight.