Proxy advisory firms recommend Titanium shareholders vote for transaction

Titanium Transportation (TTNMF) Group announced that independent proxy advisory firms, including Institutional Shareholder Services, have recommended that holders of common shares in the capital of Titanium vote FOR a special resolution to approve the previously-announced plan of arrangement, pursuant to which TTNM Management Acquisition Limited will acquire all of the issued and outstanding Common Shares, other than the Common Shares owned by the Rollover Shareholders, for cash consideration of $2.22 per Common Share, subject to customary closing conditions. The Arrangement Resolution will be considered for approval at a special meeting of Shareholders to be held on March 10, 2026. In making its recommendation that the Shareholders vote FOR the Arrangement Resolution, ISS noted: “The transaction makes strategic sense due to the certain liquidity provided by the premium cash consideration as well as the non-approval risk….the current offer appears to provide a reasonable outcome compared to available and likely alternatives given (the) company’s current share ownership structure.”