Sylogist Announces Governance Changes to Drive Growth and Value Creation

Core Viewpoint - Sylogist Ltd. is implementing proactive governance updates to enhance growth and value creation, including board chair succession planning and the adoption of a shareholder rights plan [1][4][5]. Governance Updates - Barry Foster will step down as Chair of the board at the next annual meeting, initiating a succession planning process while remaining a director [1][2]. - The Nominating & Governance Committee, chaired by Kim Fennell, will oversee the board chair succession planning [2]. Shareholder Engagement - A special committee was formed on September 12, 2025, to address a threatened shareholder meeting requisition, engaging with shareholders representing over 50% of Sylogist's shares [3]. Shareholder Rights Plan - The board has adopted a new shareholder rights plan effective October 27, 2025, designed to ensure fair treatment of all shareholders during take-over bids and to protect against "creeping bids" [4][5]. - The rights plan requires ratification by shareholders within six months, with a special meeting expected to be called for this purpose [6].