Onex Corporation Announces Voting Rights Changes and Sunset Provision in Articles of Incorporation

Onex Corporation Announces Voting Rights Changes and Sunset Provision in Articles of Incorporation

Onex Corporation has announced an "Event of Change" as per its articles of incorporation, affecting the voting rights of its Subordinate Voting Shares (SVS) and Multiple Voting Shares (MVS). Following this event, SVS holders now have one vote per share at shareholder meetings and can elect 80% of the Onex Board of Directors. MVS holders, on the other hand, are entitled to 20% of the board seats and will no longer have voting rights at shareholder meetings, except as specified in the Articles or applicable law. There is a sunset provision in the Articles for the repurchase of MVS by Onex on May 11, 2029, or earlier if Mr. Gerald W. Schwartz and his immediate family own less than 5% of the outstanding SVS.

Onex is a global capital investment and management firm established in 1984, known for creating value for its clients and shareholders. With approximately $59.2 billion in assets under management, including $8.7 billion of its own investing capital, Onex serves a diverse range of global clients. The company, headquartered in Toronto, has offices in New York, New Jersey, and London, and its management teams are among the largest investors across its platforms. Onex is listed on the Toronto Stock Exchange under the symbol ONEX.

This press release may contain forward-looking statements regarding future operations, performance, or results. These statements are not guarantees and involve risks and uncertainties that could lead to actual results differing from those indicated. Onex is not obligated to update these forward-looking statements unless required by Canadian securities law. For more information, contact Zev Korman, Vice President of Shareholder Relations and Communications, at +1 416.362.7711.