REGINA — Following the conclusion of its strategic review that was announced in fall 2025, Information Services Corporation (ISC) has announced that it has entered into an agreement with a subsidiary of Plenary Americas LP (Plenary) whereby Plenary will acquire 100 per cent of the Class A Limited Voting Shares of ISC (Shares), including those held by Crown Investments Corporation of Saskatchewan (CIC).
CIC will retain its Golden Share.
Plenary Americas LP is owned by La Caisse, Canada's second-largest public pension fund manager. As the largest shareholder of ISC, the Government of Saskatchewan supports the proposed transaction and CIC has committed to vote its Shares in favour of it.
In May 2026, the government passed Bill 57, The Information Services Corporation Amendment Act 2026 , which strengthens the Golden Share by:
- Ensuring that ISC's intellectual property— such as registry technology, software and data management— remains in Saskatchewan;
- Maintaining ISC's service obligations to the province; and,
- Ensuring that the head office and associated jobs remain in Saskatchewan.
The proposed transaction means that:
- All Shares would be acquired by Plenary at a price of $51 per Share;
- The Province of Saskatchewan, as a significant shareholder, is expected to receive approximately $277 million prior to any fees and closing costs;
- The Golden Share will be owned by CIC on behalf of the Government of Saskatchewan with strengthened provisions under the amended Act;
- The Government of Saskatchewan is entitled to appoint two directors; and,
- The head office functions and data all remain in Saskatchewan.
Proceeds from the sale of the government's shares will be used for health care infrastructure, with further details to be announced in the weeks ahead.
The Master Service Agreement, which regulates and controls land titles registry, personal property registry and corporate registry fees, has been in place since 2013 and in 2023 was extended until 2053. It continues to apply in its current form, ensuring consistency in terms of services and fees.
