SSC SECURITY SERVICES ANNOUNCES FILING AND MAILING OF MEETING MATERIALS TO APPROVE ARRANGEMENT AGREEMENT WITH UNIVERSAL PROTECTION SERVICE, LP

On June 30, 2026, SSC Security Services Corp. filed and mailed meeting materials for a special meeting of shareholders to approve a plan of arrangement with Universal Protection Service, LP (Allied Universal). Under the arrangement, Allied Universal will acquire all outstanding SSC common shares for C$4.4075 per share in cash. The special meeting will be held on July 22, 2026, with a record date of June 15, 2026, and proxy voting deadline of July 20, 2026. Directors and senior officers, holding voting support agreements for approximately 34.4% of shares, recommend voting FOR. A final court approval hearing is scheduled for July 27, 2026. The transaction remains subject to shareholder and court approvals but has no financing or due diligence conditions.

The June 30 mailing is a procedural implementation of the already-announced and market-priced transaction. It contains no new pricing, no change to conditions, and no unexpected delay. The stock already repriced from C$2.01 to C$4.30–C$4.38 immediately upon the definitive agreement. The steady post-announcement trading near the offer price indicates the market had fully anticipated this routine step. Thus, while the broader M&A is a game-changer, this specific release is merely positive confirmation of progress, not material.

SSC Security Services Corp. is a Canadian security company, historically providing physical security guard services (the bulk of revenue), plus a cyber security division and legacy agriculture investments. For Q2 FY2026, revenue was C$32.0M, all organic, with a debt-free balance sheet and roughly C$60.4M in shareholders' equity. The company is now being acquired by Allied Universal, the world's largest security company, which will take over the physical security operations, while the non-core assets are being bought out by management.