CALGARY, AB, Oct. 8, 2025 /PRNewswire-HISPANIC PR WIRE/ — Parkland Company (“Parkland”, “we”, the “Firm”, or “our”) (TSX: PKI) introduced at the moment that the deadline for registered holders of widespread shares of Parkland (the “Firm Shares”) to make elections in respect of the consideration receivable pursuant to the beforehand introduced Sunoco Association1 is 5:00 P.M. (Calgary time) on October 17, 2025 (the “Election Deadline”).
For full directions, please confer with the letter of transmittal and election kind beforehand mailed to registered shareholders on September 11, 2025 and the related press launch issued by the Firm on the identical day, every accessible on www.parkland.ca and the Firm’s profile on SEDAR+ at www.sedarplus.ca.
Helpful (non-registered) shareholders whose Firm Shares are registered within the identify of an middleman resembling a dealer, funding supplier, financial institution, belief firm, trustee, nominee or different middleman shouldn’t use the letter of transmittal however moderately ought to contact their middleman for directions and help in depositing their Firm Shares and electing the type of consideration they want to obtain. Each middleman has its personal procedures with respect to the election and will have an earlier election deadline.
The Sunoco Association is anticipated to shut within the fourth quarter of 2025, topic to acquiring sure remaining regulatory approvals and the satisfaction or waiver of customary closing circumstances.
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| 1 On Could 5, 2025, Parkland introduced that it entered into an association settlement (as amended by an amending settlement dated Could 26, 2025) with Sunoco LP (NYSE:SUN) (“Sunoco”), SunocoCorp LLC (previously, NuStar GP Holdings LLC), and 2709716 Alberta ULC (previously, 2709716 Alberta Ltd.) (the “Purchaser”), pursuant to which Sunoco, via the Purchaser, will purchase all the issued and excellent Firm Shares by means of a court-approved plan of association beneath Part 193 of the Enterprise Firms Act (Alberta) in a money and fairness transaction. |
About Parkland Company
Parkland is a number one worldwide gasoline distributor, marketer, and comfort retailer with protected and dependable operations in twenty-six international locations throughout the Americas. Our retail community meets the gasoline, and comfort wants of on a regular basis shoppers. Our business operations present companies with gasoline to function, full initiatives and higher serve their prospects. Along with assembly our prospects’ wants for important fuels, Parkland supplies a spread of selections to assist them decrease their environmental influence, together with manufacturing and mixing renewable fuels, ultra-fast EV charging, quite a lot of options for carbon credit and renewables, and solar energy. With roughly 4,000 retail and business places throughout Canada, america, and the Caribbean area, we’ve got developed provide, distribution, and buying and selling capabilities to speed up development and enterprise efficiency.
Ahead-Wanting Statements
Sure statements contained herein represent forward-looking data and statements (collectively, “ahead trying statements”). When used on this press launch, the phrases “count on”, “might”, “shall”, “will”, and comparable expressions are meant to establish forward-looking statements. Specifically, this press launch comprises forward-looking statements with respect to, amongst different issues, the Election Deadline, the completion of the Sunoco Association and the anticipated timing thereof, the receipt of the remaining key regulatory approvals which can be a situation to finishing the Sunoco Association and the satisfaction or waiver of customary closing circumstances.
These statements contain identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. No assurance might be on condition that these expectations will show to be appropriate and such forward-looking statements shouldn’t be unduly relied upon. These forward-looking statements converse solely as of the date hereof. Parkland doesn’t undertake any obligations to publicly replace or revise any forward-looking statements besides as required by securities legal guidelines. Precise outcomes might differ materially from these anticipated in these forward-looking statements because of quite a few dangers, assumptions and uncertainties together with, however not restricted to: normal financial, regulatory, market and enterprise circumstances; the completion of the Sunoco Association on anticipated phrases and the cut-off date thereof, or in any respect, together with acquiring sure remaining regulatory approvals and the satisfaction or waiver of customary closing circumstances; Parkland’s capacity to execute its enterprise technique; motion by different individuals or firms; the consideration to be acquired by Parkland shareholders is topic to proration, most quantities and changes, such {that a} Parkland shareholder might not obtain all the consideration within the kind that they elect to obtain; and different elements, a lot of that are past the management of Parkland. See additionally the dangers and uncertainties described beneath the headings “Cautionary Assertion Concerning Ahead-Wanting Info” and “Threat Components” in Parkland’s present Annual Info Type dated March 5, 2025, beneath the headings “Ahead-Wanting Info” and “Threat Components” within the Q2 Administration’s Dialogue and Evaluation dated August 5, 2025, and beneath the heading “Threat Components” in Parkland’s administration data round and proxy assertion dated Could 26, 2025, every as filed on SEDAR+ and accessible on Parkland’s web site at www.parkland.ca.
The forward-looking statements contained herein are expressly certified by this cautionary assertion.
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