Saltire Capital Ltd. Announces Special Meeting of Shareholders to be held on December 15, 2026

EmitenTrust.com TORONTO, Oct. 16, 2026 /CNW/ -- Saltire Capital Ltd. (TSX: SLT.U) (TSX: SLT) (TSX: SLT.WT.U) (TSX: SLT.WT) (OTCQX: SLTEF) ("Saltire" or the "Corporation") is providing an update with respect to the proposed conversion by the minority shareholders (the "Minority Shareholders") of SanStone Investments Limited ("SanStone") of their SanStone shares (the "Minority Shares") into common shares ("Common Shares") of Saltire (the "Conversion") pursuant to the terms of SanStone's shareholders agreement dated August 5, 2025 (as amended, the "Shareholders Agreement").

The Corporation has obtained conditional approval from the Toronto Stock Exchange (the "TSX") for the Conversion. Pursuant to Sections 611(b) and 611(c) of the TSX Company Manual, shareholder approval of the Conversion is required as the number of Common Shares to be issued in connection with the Conversion (i) exceeds 25% of the currently issued and outstanding Common Shares, and (ii) to Minority Shareholders who are insiders of Saltire will exceed 10% of the number of outstanding Common Shares. In accordance with the terms of the TSX's conditional approval letter, the Corporation is calling a special meeting of shareholders to be held on December 15, 2026 (the "Special Meeting"). At the Special Meeting, shareholders (other than the Minority Shareholders) will be asked to consider and, if thought advisable, pass an ordinary resolution approving the Conversion.

The Conversion and the listing of Common Shares issuable in connection with the Conversion are subject to the Corporation satisfying all of the listing requirements of the TSX.

Further details regarding the Special Committee will be included in the Corporation's management information circular, to be filed in connection with the Special Meeting.

About Saltire

Saltire Capital Ltd. is a publicly traded permanent capital vehicle that invests in strong, undervalued businesses operating in foundational sectors of the real-world economy. The company takes meaningful stakes in private businesses with high barriers to entry, predictable cash flows and a defined competitive advantage, providing business owners with a long-term capital partner that supports management continuity and preserves company legacy. Using a disciplined buy-and-build approach, Saltire identifies growth opportunities in fragmented industries, improves company fundamentals and scales businesses into standalone platforms. This structure ensures the interests of shareholders and company leaders remain aligned for the long term. Learn more at www.saltirecapitalltd.com. 

Forward Looking Information

This press release may contain forward-looking information and forward-looking statements within the meaning of applicable securities laws ("Forward-Looking Statements"). The Forward-Looking Statements contained in this press release relate to future events or Saltire's future plans, operations, strategy, performance or financial position and are based on Saltire's current expectations, estimates, projections, beliefs and assumptions. Such Forward-Looking Statements have been made by Saltire in light of the information available to it at the time the statements were made and reflect its experience and perception of historical trends. All statements and information other than historical fact may be Forward-Looking Statements. Such Forward-Looking Statements are often, but not always, identified by the use of words such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", "continue", "expect", "potential", "proposed" and other similar words and expressions.

Forward-Looking Statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors, many of which are beyond Saltire's control, that could cause actual events, results, performance and achievements to differ materially from those anticipated in these Forward-Looking Statements. Forward-Looking Statements are provided for the purpose of assisting the reader in understanding Saltire and its business, operations, prospects and risks at a point in time in the context of historical and possible future developments, and the reader is therefore cautioned that such information may not be appropriate for other purposes. Forward-Looking Statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on Forward-Looking Statements, which speak only as of the date of this press release. Unless otherwise noted or the context otherwise indicates, the Forward-Looking Statements contained herein are provided as of the date hereof, and Saltire disclaims any intention or obligation, except to the extent required by law, to update or revise any Forward-Looking Statements as a result of new information or future events, or for any other reason.

Additional information about Saltire, including with respect to the risk factors that should be taken into consideration when reading this press release and the Forward-Looking Statements, is available on Saltire's profile on SEDAR+ at www.sedarplus.ca.

SOURCE Saltire Capital Ltd.