Points Files Management Proxy Circular for Special Meeting of Shareholders and Announces Receipt of Interim Order

TORONTO, May 25, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX: PTS) (NASDAQ: PCOM) (“Points” or the “Company”), the global leader in powering loyalty commerce, is pleased to announce that it has filed and is in the process of mailing the management proxy circular (the “Circular”) and related materials for the special meeting (the “Meeting”) of the Company’s shareholders (the “Shareholders”) to be held on June 23, 2022, to approve the previously announced plan of arrangement under the Canada Business Corporations Act (the “Arrangement”), pursuant to which a wholly-owned subsidiary (the “Purchaser”) of Plusgrade L.P. (“Plusgrade”), a leading ancillary revenue platform for the global travel industry, will acquire all of the issued and outstanding common shares of the Company for US$25.00 per common share in cash (the “Consideration”), all as more particularly described in the Circular.

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