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IBI Group Inc. Receives Final Court Order Approving Plan for Deal with Arcadis

TORONTO, September 20, 2022 (GLOBE NEWSWIRE) — Ibi Group Co., Ltd. (“Ibi” or “Company“) is a globally integrated design and technology company, subject to a final court order (“final order“) From the Ontario Superior Court (Commercial List), a previously announced plan of arrangement (“layout drawing“) below Canadian Business Company Act.

The Arrangement Plan provides for, among other things, an acquisition by Arcadis NV (“Arcadis“), through two wholly-owned subsidiaries, all issued and outstanding shares of common stock of the Company (“common stock“) and Class B units of the IBI Group (“Class B unit“) Cash consideration of $19.50 CAD per Common Stock or Class B Unit, as applicable.

As previously announced, the proposed arrangement has been approved by holders of the Company’s common stock and non-participating voting stock, Series 1 (together with the common stock,voting stock“) Extraordinary general meeting of voting rights holders held on September 16, 2022.

The Plan of Arrangement is expected to become effective on or about September 27, 2022 and is subject, among other things, to the satisfaction or waiver of certain other customary closing conditions. The common stock is expected to be delisted from the Toronto Stock Exchange within two to three business days of the closing of the proposed arrangement. Additional details regarding the proposed arrangement can be found in the Company’s Corporate Circular dated August 15, 2022. This is available from his IBI issuer profile on SEDAR (www.sedar.com). A copy of the final order will be filed under his IBI issuer profile on SEDAR (www.sedar.com).

About IBI Group Co., Ltd.

IBI Group Inc. (TSX:IBG) is a technology-driven design firm with global architecture, engineering, planning and technology expertise across more than 60 offices and 3,500 professionals worldwide. For nearly 50 years, its dedicated professionals have helped clients create livable, sustainable and advanced urban environments. IBI Group believes that cities thrive through intelligent systems, sustainable buildings, efficient infrastructure, and humane design. Follow IBI Group on LinkedIn and Twitter.

On July 18, 2022, Arcadis and IBI Group jointly announced that they have entered into an agreement for Arcadis to acquire IBI Group. The Arrangement Plan is expected to enter into force around September 27, 2022, subject to the above caveats. Click here for the announcement.

For more information, please contact:

Stephen Taylor, CFO
Ibi Group Co., Ltd.
55 St Clair Ave West
Toronto, Ontario M5V 2Y7
Phone: 416-596-1930

Forward-Looking Statements

Certain information contained in this news release may contain forward-looking statements within the meaning of applicable securities laws. “Continue”, “Plan”, “Propose”, “Will”, “Will”, “Believe”, “Expect”, “Position”, “Expect”, “Improve”, ” The use of any of the words “enhance” and similar expressions are intended to identify forward-looking statements. More specifically, without limitation, this news release contains forward-looking statements regarding the timing and ability of the company to implement its plans of the plan. Our and Arcadis’ ability to meet the antecedent conditions (if any) to complete the arrangement plan. Timing of delisting of common stock, if any.

Forward-looking statements necessarily involve risks. This includes, but is not limited to, risks associated with our ability to implement the Plan of Arrangement on the terms set forth in this news release. Our ability to obtain all necessary regulatory and stakeholder approvals to complete the arrangement plan. our ability to complete the transactions contemplated by the Arrangement Plan; the general regulatory environment in which we operate;

Events or circumstances could cause actual results to differ materially from those projected. It is the result of established risk factors, other known and unknown risks, uncertainties and other factors, many of which are beyond IBI’s control. In addition, forward-looking statements or information, which were used in the preparation of such statements and information, may prove to be inaccurate and may not be forwarded to interested parties. Based on many factors and assumptions used in preparing these statements and information. Provides a more complete outlook on IBI’s future business. Such information may prove to be inaccurate and readers are cautioned that the information may not be suitable for other purposes. Although we believe that the expectations reflected in our statements or information are reasonable, you should not place undue reliance on forward-looking statements. In addition to other factors and assumptions that may be identified here, among other things, the general stability of the economic and political environment in which the IBI operates and the timeliness of any necessary regulatory approvals. Assumptions have been made regarding receipt. Readers are cautioned that the preceding list is not exhaustive of all factors and assumptions used. As a result, actual results may differ materially from those anticipated in the forward-looking statements. In addition, the forward-looking statements contained herein are made as of the date hereof and IBI may not make any statements regarding the forward-looking statements contained herein as a result of new information, future events or otherwise. undertakes no obligation to publicly update or amend the as may be required by applicable securities laws.

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IBI Group Inc. Receives Final Court Order Approving Plan for Deal with Arcadis

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