Park Lawn Receives Final Order Approving Arrangement

Toronto, ON - Park Lawn Corporation (TSX:PLC)(TSX:PLC.U) announced the receipt of the final order from the Ontario Superior Court of Justice regarding its arrangement with Viridian Acquisition Inc. The final court approval was one of the last steps before closing the transaction, expected around August 9, 2024. The completion of the arrangement is still subject to customary closing conditions.

Under the arrangement, the purchaser, a subsidiary of Viridian Holdings LP, will acquire all outstanding common shares of Park Lawn for $26.50 per share. This arrangement was supported by Park Lawn shareholders in a special meeting on July 29, 2024.

Details about the arrangement are available in Park Lawn’s management information circular dated June 27, 2024, and other related documents accessible on SEDAR+.