Two Leading Independent Proxy Advisory Firms Recommend Shareholders Vote ‘FOR’ the Arrangement with Francisco Partners

Blackline Safety's headquarters in Calgary, Canada Business Wire

Article content

Article content

Article content

CALGARY, Canada — Blackline 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.

Article content

Article content

Article content

Article content

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.

Article content

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.

Article content

Jason Cohenour, Chair of the Special Committee commented:

Article content

“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.”

Article content

Shareholders Are Encouraged to Vote Ahead of the Proxy Deadline

Article content

Article content

The proxy voting deadline is June 11, 2026 at 9:00 a.m. (Calgary time). Shareholders are encouraged to vote well in advance of the proxy voting deadline to ensure your vote is submitted in a timely manner. Shareholders may vote online, by telephone or by any other methods provided in the form or proxy or voting instruction form which have been included as part of the mailing.

Article content

Article content

Shareholders of record as of the close of business on April 27, 2026 are eligible to vote at the Meeting.

Article content

Shareholder Questions & Voting Assistance

Article content

Article content

Shareholders with questions or who require voting assistance may contact Blackline’s proxy solicitation agent:

Article content

Article content

Laurel Hill Advisory Group

Article content

Article content

North America Toll Free:

Article content

1-877-452-7184

Article content

Article content

Outside North America:

Article content

1-416-304-0211

Article content

Article content

Text Message:

Article content

Text “INFO” to 416-304-0211 or 1-877-452-7184

Article content

Article content

Email:

Article content

Article content

About Blackline Safety

Article content

: 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

Article content

Article content

and connect with us on

Article content

Article content

,

Article content

Article content

,

Article content

Article content

and

Article content

Article content

.

Article content

Article content

Article content

Article content

View source version on businesswire.com:

Article content

Article content

Article content

Contacts

Article content

INVESTOR/ANALYST CONTACT

Article content

B

Article content

lackline Safety Corp.
Jason Zandberg, Director, Investor Relations

Article content

Article content

Article content

Article content

Telephone: +1 587-324-9184

Article content

MEDIA CONTACT

Article content

B

Article content

lackline Safety Corp.
Jodi Stapley, Director, Brand & Creative

Article content

Article content

Article content

Article content

Telephone: +1 403-431-0512

Article content