Flint receives ISS, Glass backing for recapitalization

Executive Summary

• Leading independent proxy advisory firms, Institutional Shareholder Services (ISS) and Glass, Lewis & Co., have both recommended that Flint Corp. shareholders vote in favor of the company's proposed recapitalization transaction.
• The recapitalization is designed to significantly reduce Flint Corp.'s debt and annual interest costs, simplify its capital structure, and improve liquidity.
• A special meeting of common shareholders is scheduled for September 23, 2025, at 8 a.m. Calgary time, with a voting cut-off on September 19, 2025.

Key Details

• Proxy Recommendations: Both ISS and Glass, Lewis & Co. issued favorable recommendations for the recapitalization transaction after reviewing the facts and benefits to shareholders.
• Transaction Purpose: The recapitalization aims to protect shareholder value, strengthen Flint's financial position, and position the company for future growth.
• Meeting Details:
  • Date: September 23, 2025, at 8 a.m. Calgary time.
  • Location/Format: Special meeting of holders of common shares.
  • Record Date: Shareholders of record as of the close of business on August 18, 2025, are eligible to vote.
• Voting Deadline: The voting cut-off is set for September 19, 2025, at 8 a.m. Calgary time.
• Information Access: Shareholders are directed to the company's website or SEDAR+ profile to access materials related to the securityholder meetings.

Notable Quotes

• Barry Card, Chief Executive Officer of Flint: "We are pleased that ISS and Glass Lewis have both endorsed this transaction and encourage all company shareholders to vote for the recapitalization transaction in advance of the voting cut-off on Sept. 19, 2025, at 8 a.m. Calgary time."