Original News Release
Info Services says review isn't because of Plantro
Mr. Jonathan Hackshaw reports
ISC SETS THE RECORD STRAIGHT ON ITS STRATEGIC REVIEW
Information Services Corp. has addressed Plantro's mischaracterizations regarding Information Services' continuing strategic review.
Following feedback from shareholders and other parties, the company confirms the following:
The strategic review was initiated by Information Services' board of directors with the support of the company's largest shareholder, Crown Investments Corp. of Saskatchewan.
Plantro's privately requisitioned special meeting of shareholders did not include any proposal or request for Information Services to initiate a strategic review.
The strategic review was not the result of any agreement with Plantro.
Plantro's assertion that its actions have led the company to embark on a strategic review is inaccurate.
Notwithstanding Plantro's mischaracterizations, the company appreciates its support of the strategic review and for withdrawing the requisition for a special meeting of shareholders. This enables the company to conduct a robust process and proceed without distraction.
The company remains fully committed to its comprehensive and independent process aimed at enhancing shareholder value through disciplined growth, operational excellence and potential portfolio optimization.
Information Services cautions that there can be no assurance that the strategic review will result in a transaction or, if a transaction is undertaken, as to its terms, timing or completion.
About Information Services Corp.
Headquartered in Canada, Information Services is a leading provider of registry and information management services for public data and records. Throughout its history, the company has delivered value to its clients by providing solutions to manage, secure and administer information through its registry operations, services and technology solutions segments. Information Services is focused on sustaining its core business while pursuing new growth opportunities. The Class A shares of Information Services trade on the Toronto Stock Exchange under the symbol ISC.
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