Points Announces Favourable ISS Recommendation for Arrangement

TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS.TO) (NASDAQ:PCOM) (“Points”) is pleased to announce that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that Points’ shareholders (“Shareholders”) vote “FOR” 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., a leading ancillary revenue platform for the global travel industry, will acquire all of the issued and outstanding common shares of Points for US$25.00 per common share in cash.