On April 2, 2025, Plantro Ltd. announced a tender offer to acquire up to 2,777,342 Class A Limited Voting Shares of Information Services Corporation (TSX: ISC) at a cash price of $27.25 per share. This price represented a premium of approximately 10% over ISC’s March 31, 2025 closing price and around 9% over the ten-day VWAP prior to the offer. The total transaction value, if fully subscribed, would amount to approximately $75.7 million.

The offer, not categorized as a formal or exempt take-over bid under Canadian securities laws, remains open until April 11, 2025, unless extended or withdrawn. It excludes shares held by the Crown Investment Corporation of Saskatchewan or any entities wholly owned by the Province. In the case of oversubscription, shares will be taken up on a pro rata basis.

Plantro cited ISC’s strong fundamentals and limited trading liquidity as primary motivations, following an unsuccessful attempt to engage ISC’s board on governance and strategic issues. With trading volumes as low as 251 shares on March 28, 2025, Plantro concluded that acquiring shares on the open market was not viable.

Goodmans LLP served as legal counsel to Plantro. Carson Proxy acted as the information agent, Odyssey Trust Company as depositary, and Gagnier Communications as strategic communications advisor. Tender materials and full terms were to be filed on ISC’s SEDAR+ profile and disseminated via separate press release.