Everyday People Financial to acquire ACT Credit

Executive Summary

• Everyday People Financial Corp. (via its subsidiary BPO Collections Ltd.) has entered into a share purchase agreement to acquire 100% of ACT Credit Management Limited, a UK-based debt collection and credit management firm.
• The transaction is financed through existing cash flow with no share issuance, and the company will not assume any of ACT's existing debt.
• The acquisition is deemed non-material under TSX Venture Exchange Policy 5.3, requiring no shareholder approval, and is expected to close around January 3, 2026.

Key Details

• Acquirer: Everyday People Financial Corp. (via wholly owned subsidiary BPO Collections Ltd.)
• Target: ACT Credit Management Limited (ACT)
• Transaction Structure: Share purchase agreement for 100% of issued and outstanding shares.
• Financing: Financed through existing cash flow; no shares issued.
• Debt: The company will not assume any of ACT's existing debt.
• Financial Impact: ACT is anticipated to contribute annual EBITDA of CAD $750,000 to $1.0 million and annual revenue of CAD $6.0 million to $9.0 million.
• Regulatory Status: Considered non-material; exempt transaction under TSX-V Policy 5.3; no shareholder approval required.
• Closing Conditions: Subject to customary closing conditions, including third-party and regulatory approvals (specifically FCA acceptance in the U.K.).
• Expected Closing Date: On or about January 3, 2026.
• Insiders/Control: No new insiders or control persons will be created.
• Fees: No finder's fee is to be paid.

Notable Quotes

• "We are proud to announce our fifth acquisition, marking another key milestone in the expansion of our revenue cycle management business pillar... ACT's reputation and operational expertise strengthen our market position and complement our strategic growth objectives." — Graham Rankin, Co-Chief Executive Officer, Revenue Cycle Management (United Kingdom)