Points Arrangement with Plusgrade Receives Final Court Approval

TORONTO, June 27, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX: PTS) (NASDAQ: PCOM) (“Points”) is pleased to announce that it has obtained final approval from the Ontario Superior Court of Justice (Commercial List) of the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act (the “Arrangement”), pursuant to which a wholly-owned subsidiary (the “Purchaser”) of Plusgrade L.P. will acquire all of the issued and outstanding common shares of Points for US$25.00 in cash per common share.

Read more at globenewswire.com