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Plurilock Security Inc (2)
Symbol PLUR
Shares Issued 114,197,361
Close 2026-11-02 C$ 0.175
Market Cap C$ 19,984,538
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Plurilock gets ISS support for Quantum eMotion deal

2026-11-03 15:32 ET - News Release

Mr. Ian Paterson reports

INDEPENDENT PROXY ADVISORY FIRM, INSTITUTIONAL SHAREHOLDER SERVICES, ("ISS") RECOMMENDS SHAREHOLDERS VOTE "FOR" THE PROPOSED PLAN OF ARRANGEMENT WITH QUANTUM EMOTION CORP.

Independent proxy advisory firm ISS has recommended shareholders vote for the special resolution to approve the acquisition of Plurilock Security Inc. by Quantum eMotion Corp. (QeM), pursuant to which QeM will acquire, either directly, or indirectly through a wholly owned subsidiary, all of the issued and outstanding common shares of Plurilock. The proposed acquisition will be completed by way of a plan of arrangement under the provisions of the Business Corporations Act (British Columbia). ISS is an independent proxy advisory firm with approximately 3,400 clients, including many of the world's leading institutional investors who rely on ISS's objective and impartial analysis to make important voting decisions.

  • Your vote is important -- vote well in advance of the proxy voting deadline: 10 a.m. (Vancouver time) on Nov. 16, 2026;
  • Shareholder questions or need voting assistance? please contact Laurel Hill Advisory Group by e-mail at assistance@laurelhill.com, or by texting info to, or calling, 1-877-452-7184 (North American toll-free) or 1-416-304-0211 (outside North America).

The special meeting of shareholders of the company to approve the arrangement resolution will be held in-person at suite 1500, 1055 West Georgia St., Vancouver, B.C., V6E 4N7, on, Nov. 18, 2026, at 10 a.m. (Vancouver time). Upon completion of the arrangement, QeM will acquire all of the issued and outstanding Plurilock shares, and Plurilock will become a wholly owned subsidiary of QeM. As a result of the arrangement, each shareholder of Plurilock (other than a dissenting shareholder) will receive 8.4 cents in cash and 0.0763 of a common share of QeM for each Plurilock share they hold.

Independent third party proxy advisory recommendations

ISS stated, "The transaction makes strategic sense due to the premium mixed consideration which allows shareholders to realize immediate, certain cash value while participating in the potential upside of the combined company."

Ian Paterson, chief executive officer of Plurilock, commented:

"We are very pleased to receive a positive recommendation from ISS in support of the proposed arrangement with QeM. We believe this transaction offers an attractive outcome for Plurilock shareholders by delivering immediate value while preserving participation in the future upside of the combined company. We thank our shareholders for their continued support and encourage them to vote for the arrangement."

Shareholders encouraged to vote ahead of the proxy deadline

The board of directors of the company recommends that shareholders vote for the arrangement resolution.

The proxy voting deadline is 10 a.m. (Vancouver time) on Nov. 16, 2026. Shareholders are encouraged to vote well in advance of the proxy voting deadline to ensure your vote is submitted in a timely manner. Voting is easy. Shareholders may vote on-line, by telephone or by any other methods provided in the form of proxy or voting instruction form included as part of the mailing.

Shareholders of record as of the close of business on Oct. 1, 2026, are eligible to vote at the meeting.

Shareholder questions and voting assistance

Any shareholder who has questions about how to vote should contact the company's proxy solicitation agent:

Laurel Hill Advisory Group

Call or text toll-free (North America):  1-877-452-7184

Call or text outside North America:  1-416-304-0211

E-mail:   assistance@laurelhill.com

About Plurilock Security Inc.

Plurilock sells cybersecurity solutions and delivers critical IT and cybersecurity services to public- and private-sector organizations. Through its operating businesses and predecessor operations, Plurilock has a 25-plus-year operating history, serves hundreds of customers and maintains procurement and contract channels in Canada, the United States and NATO (North Atlantic Treaty Organization). Its capabilities include critical services, cybersecurity and IT modernization, managed services, data protection, cloud security, identity and access management, and AI-enabled security technologies.

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