News Release Details

View all Press Releases

Information Services Corporation Announces Filing of Final Prospectus and Pricing of Initial Public Offering of Class A Limited Voting Shares

June 27, 2013

Regina, Saskatchewan – (Marketwired – June 27, 2013) Information Services Corporation (“ISC” or the “Company”) and Crown Investments Corporation of Saskatchewan (“CIC” or the “Selling Shareholder”) announce that ISC has filed a final prospectus dated June 27, 2013 with respect to an initial public offering (the “Offering”) by way of secondary offering of Class A Limited Voting Shares (“Class A Shares”) with the securities regulatory authorities of all provinces and territories in Canada and, ISC and CIC have entered into an underwriting agreement for the sale by CIC of 10,500,000 Class A Shares at a price of C$14.00 per share (the “Offering Price”), for total gross proceeds of C$147 million. 

The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Class A Shares, subject to ISC fulfilling all of the customary TSX requirements. Trading of the Class A Shares under the symbol “ISV” is expected to commence on the closing date, on or about July 9, 2013 (the “Closing Date”). The closing is subject to customary closing conditions. ISC has granted the underwriters an Over-Allotment Option, for a period of 30 days from the Closing Date, to purchase up to an additional 1,575,000 Class A Shares at the Offering Price (the “Additional Shares”). 

ISC will not receive any proceeds from the Offering. A copy of the final prospectus will be available on SEDAR ( by searching Information Services Corporation.

Immediately following completion of the Offering, the Selling Shareholder will continue to hold 7,000,000 Class A Shares representing approximately 40% of the issued and outstanding Class A Shares. If the Over-Allotment Option is exercised in full, the Selling Shareholder will hold 5,425,000 Class A Shares representing approximately 31% of the issued and outstanding Class A Shares.

As part of the plan of distribution for the Offering, up to 45% of the Class A Shares were made available to Saskatchewan residents, and up to 5% were made available to ISC employees. Demand within the Province for the Offering was strong and as a result, 45% of the Offering will be allocated to Saskatchewan residents. In addition, more than 270 ISC employees, representing approximately 80% of ISC’s workforce are expected to become shareholders in the Company on the Closing Date.

The Offering is being made through a syndicate of underwriters led by RBC Capital Markets acting as Sole Bookrunner, CIBC acting as co-lead and including BMO Capital Markets, Scotiabank, TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Canaccord Genuity Corp., Dundee Securities Ltd., Mackie Research Capital Corporation, Manulife Securities Incorporated, MGI Securities Inc. and PI Financial Corp.

ISC is a provider of registry and information services to the province of Saskatchewan. The Company is the exclusive provider of the Land Titles Registry, Land Surveys Directory, Personal Property Registry and Corporate Registry in Saskatchewan, which are key supporters of economic activity in the province.

Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation, including statements respecting the completion of the offering and the use of offering proceeds. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, ISC assumes no obligation to update or revise such information to reflect new events or circumstances. 

The securities of ISC have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Interactive Analyst Centre


Please note that you are now entering a website directly or indirectly maintained by a third party (the "External Site") and that you do so at your own risk.

Information Services Corporation (“ISC”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

By clicking “Accept” you acknowledge and agree that neither ISC nor third party provider Virtua Research, Inc. (“Virtua") is responsible, or accepts or assumes any responsibility or liability whatsoever for, the content, the data or the technical operation of the Linked Site. Further, by entering the External Site, you also acknowledge and agree that you completely and irrevocably waive any and all rights and claims against ISC and Virtua and further acknowledge and agree that in no event shall ISC or Virtua, its officers, employees, directors and agents be liable for any (i) indirect, consequential, incidental, special, compensatory or punitive damages, (ii) damages for loss of income, loss of business profits, business interruption, loss of data or business information, loss of or damage to property, (iii) claims of third parties, or (iv) other pecuniary loss, arising out of or related to the Legal Notice, this disclaimer or the External Site.

By entering the External Site, you further acknowledge and agree that the disclaimer of warranties and limitations of liability set out in this disclaimer shall apply regardless of the causes, circumstances or form of action giving rise to the loss, damage, claim or liability, even if such loss, damage, claim or liability is based upon breach of contract (including, without limitation, a claim of fundamental breach or breach of a fundamental term), tort (including, without limitation, negligence), strict liability or any other legal or equitable theory, and even if ISC and Virtua are advised of the possibility of the loss, damage, claim or liability. The waiver and release specifically includes, without limitation, any and all rights and claims pertaining to the processing of personal data, including but not limited to any rights under any applicable data protection statute(s).

If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-IFRS Information

In addition to disclosing results determined in accordance with IFRS, ISC may also disclose certain non-IFRS and pro forma non-IFRS results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-IFRS and pro forma non-IFRS information provides investors with additional information to assess ISC operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-IFRS and pro forma non-IFRS information, along with IFRS information, in evaluating its historical operating performance. ISC and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-IFRS information is not prepared in accordance with IFRS and may not be comparable to non-IFRS information used by other companies. The non-IFRS information should not be viewed as a substitute for, or superior to, other data prepared in accordance with IFRS.