OneMove Capital Ltd. ("OneMove"), an approximately 9.22% shareholder of Sylogist Ltd. (TSX: SYZ) ("Sylogist" or the "Company"), today issued a presentation highlighting the destruction of shareholder value overseen by the Sylogist Board of Directors (the "Board") and outlining a clear path to create value at Sylogist, beginning with the election of its four highly-qualified, independent director candidates â?? Edward Smith, Tyler Proud, Rhonda Bassett-Spiers, and Mary Filippelli (together, the "Nominees") at the Special Meeting of Shareholders of Sylogist scheduled for April 7 (the "Special Meeting").

OneMove also launched a website, www.abettersylogist.com, which includes the full presentation and information on its plan to create value at Sylogist.

Highlights of OneMove's presentation include:

Poor Execution has Destroyed Shareholder Value: Despite Sylogist's attractive assets and market positioning, the Board's failed strategic oversight and execution has destroyed shareholder value and diminished credibility. Under this Board, spending has expanded materially while performance across the board has deteriorated. The execution of Sylogist's ongoing transition to a SaaS model has failed to benefit shareholders, driven by a Board and management team that seemingly do not understand the business and industry in which the Company operates. Together, this has led to Sylogist's share price decreasing more than 67% since Barry Foster joined the Board in June, 2019 and more than 62% since February of last year, when Kim Fennell joined the Board.

The Board Lacks Necessary Sense of Urgency OneMove has repeatedly heard from the Board that they have just begun to work together and need time to execute on its strategy. In reality, the average tenure of Sylogist's directors is nearly three years, and every current Board member has been there for more than a year. Shareholders are continuing to suffer in the third year of a failed PenderFund transformation, with the stock trading at extremely depressed multiples and no visible upswing on the horizon. The only time that the Board has been open to any sort of change has been a direct result of OneMove's pressure.

Incremental change has proven insufficient â?? meaningful change is needed. Shareholders deserve an aligned Board that is not complacent with the status quo and highly motivated to execute on a sequenced implementation plan.

Restoring Value: Significant Opportunity and a Clear Roadmap Once elected, the Nominees will execute on a focused mandate, which has a clear timeframe, defined milestones and accountability measures, and includes:

Governance Reset and Leadership Transition - First 120 Days

Execution and Accountability - Months 4â??12

Sustainable Value Creation - Year 2+

The Right Leadership for Effective Execution OneMove's Nominees - Edward Smith, Tyler Proud, Rhonda Bassett-Spiers, and Mary Filippelli - have decades of directly relevant experience and complementary expertise to help implement and oversee the new CEO's execution of this strategic plan. Together, they bring strong governance oversight, capital allocation, operating leadership and technology specific acumen to successfully lead a turnaround and drive value for Sylogist shareholders.

OneMove looks forward to Sylogist shareholders having the opportunity to elect its highly-qualified nominees to the Sylogist Board at the April 7 Special Meeting.

About OneMove Capital Ltd. OneMove Capital Ltd. is a private investment firm focused on unlocking value in technology-enabled businesses through disciplined governance, strategic oversight, and long-term shareholder alignment.

Information in Support of Public Broadcast Exemption under Canadian Law The information contained in this press release does not and is not meant to constitute a solicitation of a proxy within the meaning of applicable corporate and securities laws. Shareholders of the Company are not being asked at this time to execute a proxy in favour of OneMove's director nominees or in respect of any other matter to be acted upon at the Special Meeting. In connection with the Special Meeting, OneMove intends to file a dissident information circular in due course in compliance with applicable corporate and securities laws. Notwithstanding the foregoing, OneMove has voluntarily provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 â?? Continuous Disclosure Obligations ("NI 51-102") and has filed a document (the "Document") containing disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of OneMove's director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Document is hereby incorporated by reference into this press release and is available under the Company's profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 5290 1A Street S.W., Calgary, Alberta, T2S 1R8.

The costs incurred in the preparation and mailing of any circular or proxy solicitation by OneMove and any other participants named herein will be borne directly and indirectly by OneMove. However, to the extent permitted under applicable law, OneMove intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of OneMove's nominees at the Special Meeting.

Once formal solicitation of proxies in connection with the Special Meeting has commenced, proxies may be revoked in accordance with subsection 148(3) of the Business Corporations Act (Alberta) by a registered holder of common shares of Sylogist ("Common Shares"): (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing that is signed by the shareholder or an attorney who is authorized by a document that is signed in writing: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Special Meeting or any adjournment or postponement of the Special Meeting is to be held, or (ii) with the chair of the Special Meeting on the day of the Special Meeting or any adjournment or postponement of the Special Meeting; or (c) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Common Shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary.

This press release and any solicitation made by OneMove is, or will be, as applicable, made by OneMove, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of OneMove who will not be specifically remunerated therefor. In addition, OneMove may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.

Disclaimer for Forward-Looking Information Statements contained herein that are not historical facts constitute "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable securities laws that reflect OneMove's current expectations, assumptions, and estimates of future events, performance and economic conditions. Such forward-looking statements rely on the safe harbor provisions of applicable securities laws. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that the Company's securities will trade at the prices that may be implied herein, and there can be no assurance that any opinion or assumption herein is, or will be proven, correct. Words and phrases such as "anticipate," "believe," "create," "drive," "expect," "forecast," "future," "growth," "intend," "hope," "opportunity," "plan," "confident," "restore," "reduce," "potential," "proposal," "unlock," "upside," "will," "would," and similar words and phrases are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements concerning: the anticipated financial and operating performance of the Company; the Company's growth, cash flow, and operating margins; the conduct and outcome of any strategic review; the outcome of the CEO search; the filing of a dissident circular and the timing thereof; the outcome of the Special Meeting; and the Company's go-forward strategy. Such forward-looking statements are not guarantees of future performance or actual results, and readers should not place undue reliance on any forward-looking statement as actual results may differ materially and adversely from forward-looking statements. All forward-looking statements contained herein are made only as of the date hereof, and OneMove disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which OneMove hereafter becomes aware, except as required by applicable law.

Media Contacts

ASC Advisors Taylor Ingraham / Steve Bruce tingraham@ascadvisors.com / sbruce@ascadvisors.com 203 992 1230

 

SOURCE OneMove Capital Ltd.

SOURCE: OneMove Capital Ltd.

COMTEX_474934127/2197/2026-03-09T09:15:00