Trilogy International Partners Inc. Secures Shareholder Approval for Go-Private Deal

Trilogy International Partners Inc. (TSXV:TRL.H), based in Bellevue, WA, has successfully obtained approval from its shareholders for the acquisition by SG Enterprises II, LLC, through a plan of arrangement. This decision came during a special meeting convened by the company, where over 59% of common shares were represented.

An overwhelming majority, exceeding 99.99%, of votes were in favor of the acquisition, paving the way for shareholders (excluding the purchaser) to receive US$0.07 in cash for each common share they hold. The arrangement is contingent on customary conditions, including approvals from the Supreme Court of British Columbia and the TSX Venture Exchange, with a final court hearing scheduled for March 27, 2024.

Following the completion of the transaction, expected by March 28, 2024, Trilogy International Partners Inc.'s shares will be delisted from the NEX board of the TSXV, and the company will stop being a reporting issuer in applicable jurisdictions. This move marks a significant shift for the company, previously engaged in telecommunications in New Zealand and Bolivia.