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Two Leading Independent Proxy Advisory Firms Recommend Shareholders Vote "FOR" the Arrangement with Francisco PartnersBlackline Safety Corp. ("Blackline" or the "Company") (TSX: BLN), a global leader in connected safety technology, is pleased to announce that independent proxy advisory firms, including Institutional Shareholder Services ("ISS"), have recommended that shareholders vote "FOR" the proposed plan of arrangement (the "Transaction") with Apollo Purchaser, Inc. (the "Purchaser"), a newly formed corporation controlled by Francisco Partners Management, L.P. The special meeting of shareholders of Blackline (the "Meeting") to approve the Transaction is scheduled for June 15, 2026. Under the Transaction, shareholders will receive $9.00 in cash per share plus one contingent value right ("CVR") per share, entitling holders to a potential cash payment of up to $0.50 per CVR if the Company achieves a certain annualized recurring revenue target in fiscal 2027. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604758725/en/ 
Blackline Safety's headquarters in Calgary, Canada The Meeting will be held at the offices of Burnet, Duckworth & Palmer LLP located at 2400, 525 - 8th Avenue SW, Calgary, Alberta T2P 1G1 on June 15, 2026 at 9:00 a.m. (Calgary time). The management information circular and related documents can be accessed online on Blackline's website at https://investors.blacklinesafety.com/shareholder-special-meeting and on Blackline's SEDAR+ profile at www.sedarplus.ca. The recommendations from the independent proxy advisory firms, including ISS, follow the unanimous recommendation of Blackline's special committee of independent directors (the "Special Committee") and its board of directors (with all interested directors abstaining) that shareholders vote FOR the Transaction. Jason Cohenour, Chair of the Special Committee commented: "We are pleased that the leading independent proxy advisory firms have recognized the benefits and merits of the Transaction for Blackline shareholders and have recommended that shareholders vote in favour of the Transaction. These recommendations support the conclusions and recommendations of the Special Committee, who oversaw a robust strategic review and sales process. The Transaction provides shareholders with the opportunity to realize immediate and certain value in cash for their investment at a significant premium to recent trading levels and potential additional value through the CVRs."
Shareholders Are Encouraged to Vote Ahead of the Proxy Deadline
Shareholders of record as of the close of business on April 27, 2026 are eligible to vote at the Meeting.
Shareholder Questions & Voting Assistance
About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards increased safety and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 323 billion data-points and initiated over eight million emergency alerts. For more information, visit blacklinesafety.com and connect with us on Facebook, X, LinkedIn and Instagram.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260604758725/en/ |
