Points Announces Favourable Glass Lewis Recommendation for Arrangement

TORONTO, June 17, 2022 (GLOBE NEWSWIRE) -- Points.com Inc. (TSX:PTS.TO) (NASDAQ:PCOM) (“Points” or the “Company”) is pleased to announce that Glass Lewis, 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. As previously announced, Institutional Shareholder Services Inc., another leading independent proxy advisory firm, also recommended that Shareholders vote “FOR” the Arrangement.