Softchoice Corporation (“Softchoice” or the “Company”) (TSX:SFTC) is pleased to announce that at a special meeting of shareholders held earlier today, holders (“Shareholders”) of common shares in the capital of the Company voted overwhelmingly in favor of the special resolution approving the previously announced plan of arrangement involving the Company, World Wide Technology Holding Co., LLC (“WWT”), and 2672989 Alberta ULC (the “Purchaser”), an affiliate of WWT.
Shareholder Approval Details
A total of 55,532,409 votes were cast at the Meeting, representing 92.04% of the votes attached to the issued and outstanding Shares as of the record date of January 27, 2025. The Arrangement Resolution received 99.82% approval from all Shareholders, with 55,433,642 votes in favor and 98,767 against. When excluding the votes of certain insiders as required by regulations, the minority approval stood at 99.81% with 53,087,508 votes in favor.
Anticipated Closing Date
The Arrangement remains subject to customary closing conditions, including Court approval scheduled for March 6, 2025. If approved and conditions are met, the Arrangement is expected to be completed by March 13, 2025.
About Softchoice Corporation
Softchoice Corporation (TSX: SFTC) is a software and cloud-focused IT solutions provider helping organizations be agile, innovative, and secure. They deliver AI-powered cloud and digital workplace solutions supported by advanced software asset management capabilities. The company creates value for customers by reducing IT spending, optimizing technology, and supporting business-driven innovation.
Forward-Looking Information
This press release contains forward-looking information regarding the satisfaction of conditions to the closing of the Arrangement and timing for completion. These statements are based on management’s beliefs and available information, but actual results may differ due to various risks and uncertainties, including Court approval and general economic conditions.
