Pacific Safety Products Acquired by Med-Eng

December 22, 2016

Pacific Safety Products Inc. (“PSP”) (TSXV: PSP), a leading manufacturer of advanced armour and personal protection solutions, successfully completed a plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act, pursuant to which all of the outstanding common shares of PSP, including those issuable upon conversion of the outstanding convertible debentures of PSP, were acquired by Med-Eng Holdings ULC, an indirect Canadian wholly-owned subsidiary of Safariland, LLC.  In addition, each outstanding PSP stock option was cancelled in exchange for a cash payment.

Pursuant to the Arrangement, total cash consideration of approximately $15.4 million was paid for the PSP common shares, convertible debentures and stock options.

Wildeboer Dellelce LLP acted as counsel to PSP in connection with the Arrangement, with a team that included Troy Pocaluyko, Patrick Magee, Julie Anderson, Danny Kharazmi and Amir Torabi (corporate/securities) and Richard Lewin (tax).



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