Park Lawn Receives Final Order Approving Arrangement with Homesteaders Life Company and Birch Hill Equity Partners

On Aug. 7, Park Lawn Corp. announced the receipt of the final order of the Ontario Superior Court of Justice dated Aug. 6, 2024 , with respect to the previously-announced plan of arrangement transaction involving Viridian Acquisition Inc., a wholly-owned subsidiary of Viridian Holdings LP, a limited partnership collectively owned by Homesteaders Life Company and certain funds, the general partner of which is Birch Hill Equity Partners Management Inc. The final order was the final substantive court approval required prior to closing of the arrangement, which is anticipated to occur on or about Aug. 9, 2024. Completion of the arrangement remains subject to customary closing conditions.

Pursuant to the arrangement, among other things, the purchaser will acquire all of the issued and outstanding common shares of Park Lawn, by way of a plan of arrangement under the provisions of the Business Corporations Act (Ontario), for cash consideration of $26.50 per common share. The arrangement was overwhelmingly approved by Park Lawn shareholders at the special meeting of shareholders held on July 29, 2024.

Further details regarding the arrangement are set out in the management information circular of Park Lawn dated June 27, 2024, the news release of Park Lawn dated June 3, 2024 and the arrangement agreement dated June 3, 2024 among Park Lawn, the Purchaser and Viridian Holdings LP, each of which are available under Park Lawn’s SEDAR+ profile at www.sedarplus.ca.