#Canada #Calgary #Parkland Corporation #Sunoco Arrangement #Election Deadline

Parkland Corporation Sets Deadline for Sunoco Arrangement Elections

Parkland Corporation ("Parkland"), a prominent player in the fuel distribution sector, has announced an important milestone regarding its upcoming arrangement with Sunoco LP. On October 8, 2025, the company revealed that the deadline for holders of common shares to submit their election forms is set for October 17, 2025, at 5:00 PM (Calgary time). This notice is critical for shareholders wishing to take part in the decision regarding their consideration options under the newly proposed transfer.

Understanding the Election Deadline

The election deadline marks a significant moment for shareholders, as it entails their ability to elect preferences concerning the type of consideration they wish to receive in light of the forthcoming Sunoco Arrangement. Shareholders are encouraged to refer back to the letter of transmittal and election form that was distributed to registered shareholders on September 11, 2025. Additionally, for the full details regarding the arrangement, stakeholders can access the press release issued simultaneously or view it directly on Parkland's official site or its profile on SEDAR+.

It is vital to comprehend that beneficial shareholders, whose shares are held in the name of an intermediary (e.g., brokers, banks, or trust companies), should not utilize the letter of transmittal sent to registered shareholders. Instead, they must directly approach their broker or financial intermediary for guidance on how to proceed with submitting their Company Shares and selecting their preferred compensation format. Each intermediary may have different processes, and some may enforce earlier election deadlines, thereby making timely consultation essential.

Closing of the Arrangement

The Sunoco Arrangement is expected to reach its conclusion in the fourth quarter of 2025. However, this timeline is contingent upon securing pending regulatory approvals and the fulfillment of standard closing conditions. Stakeholders are reminded that while the expectation of timely closures exists, there is no guarantee of this proceeding according to schedule, as various risks and external factors could influence the actual outcome.

On May 5, 2025, Parkland announced a strategic arrangement with Sunoco LP whereby the latter will acquire all outstanding shares of Parkland through a court-approved plan of arrangement. This transaction is framed as a cash and equity deal that offers shareholders notable options during this transition.

Parkland's Position in the Market

Parkland Corporation is recognized as a leading international fuel distributor and marketer, serving customers across twenty-six countries in the Americas. It operates approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean. The organization meets the diverse needs of everyday consumers while providing businesses with essential fuels to enhance operations and service delivery. Besides traditional fuels, Parkland focuses on environmental sustainability, offering renewable fuel options, ultra-fast EV charging, and solutions geared towards carbon credit generation and sustainable practices.

As a trusted name in retail fuel and convenience services, Parkland's ability to foster relationships and navigate complex business landscapes allows it to adapt to changing market conditions while continuing to prioritize the needs of both consumers and enterprises.

Forward-Looking Statements

It is important to note that this announcement contains forward-looking statements that rely on various assumptions about future occurrences and conditions. Terms such as "expect," "may," "will" are indicators of such statements, which encompass projections about the completion of the Sunoco Arrangement and the timing for these developments. Shareholders should remain aware that actual results could diverge significantly from expectations due to various known and unknown risks within the broader economic and regulatory landscape.

For further information regarding risks and uncertainties, interested parties can review the detailed disclosures available in Parkland's latest filings on SEDAR+ or on their corporate website.

For any inquiries regarding the election or other concerns, Parkland invites shareholders to engage with the company's dedicated investor relations teams, ensuring all parties have the necessary support during this transitional phase.