Info Services dissident Plantro withdraws requisition

Executive Summary

• Plantro Ltd. has withdrawn its requisition for a special meeting of shareholders after Information Services Corp. (ISC) agreed to commence a strategic review of the company, including a potential sale.
• The strategic review is supported by ISC’s board and Crown Investments Corp. of Saskatchewan (CIC), marking a significant shift from Plantro’s previous demands to remove directors and streamline the board.
• Plantro, a major shareholder, cites this outcome as validation of its campaign to unlock shareholder value, having engaged with ISC management and the board since March 2025.

Key Details

• Transaction/Event: Withdrawal of special meeting requisition by Plantro Ltd. following ISC's agreement to a strategic review.
• Strategic Review Scope: ISC’s board, with support from Crown Investments Corp. (CIC), will review strategic alternatives, explicitly including a potential sale of the entire company.
• Plantro’s Original Demands (Withdrawn):
  • Remove all seven non-government-appointed directors.
  • Reduce board size from 10 to 7 members to cut costs and red tape.
  • Elect four new qualified individuals to the board.
  • Form a special committee to initiate the strategic review.
• Timeline: Plantro began engaging directly with the board, management, and CIC in March 2025. The special meeting was requisitioned on September 2, 2025.
• Shareholder Support: Plantro reports overwhelming support from fellow ISC shareholders for its call for change and communication with the board.
• Future Stance: Plantro intends to remain engaged and constructive as the strategic alternatives process progresses.

Notable Quotes

• "Today's announcement by ISC highlights Plantro's proven track record of acting as a catalyst to unlocking value for its fellow shareholders. We are pleased that ISC now agrees with Plantro that a strategic review, including a potential sale of the company," — Matt Proud, Plantro Principal.