BRIDGETOWN, Barbados, March 24, 2026 /CNW/ -- OneMove Capital Ltd. ("OneMove") announced today that it acquired ownership and control over 998,963 common shares (each a "Common Share") of Sylogist Ltd. (TSX: SYZ) (the "Company") on March 24, 2026, pursuant to purchases made through the facilities of the Toronto Stock Exchange (the "TSX") at an average price of $3.7987 per Common Share, for an aggregate purchase price of $3,794,760.75 (the "Acquisition").
Prior to the completion of the Acquisition, OneMove owned and exercised control over 2,505,100 Common Shares. The Common Shares owned and controlled by OneMove immediately prior to the Acquisition represented an aggregate of approximately 10.71% of the then-outstanding Common Shares.
Immediately following the completion of the Acquisition, OneMove owns and exercises control over 3,504,063 Common Shares. The Common Shares owned and controlled by OneMove immediately following the Acquisition represent an aggregate of approximately 14.98% of the outstanding Common Shares, resulting in an increased ownership of approximately 4.27% of the outstanding Common Shares.
The Acquisition was undertaken by OneMove for investment purposes. OneMove intends to review its investment on a continuing basis. Depending on various factors, OneMove may in the future purchase or sell securities or engage in other activities relating to the Company. OneMove has requisitioned the calling of a meeting of the shareholders of the Company for the purposes of replacing certain directors. The Company has announced that it will hold the requisitioned meeting on May 12, 2026.
In accordance with National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, OneMove will file an early warning report regarding the Acquisition on the System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca under the Company's issuer profile. Copies of the related early warning report may be obtained at www.sedarplus.ca under the Company's issuer profile or from OneMove by contacting Wendy Cheah at 1 (786) 220-2552.
OneMove is a privately held investment holding company formed under the laws of the British Virgin Islands. The head office of OneMove is located at Cidel Place, Lower Collymore Rock, St. Michael, Barbados, BB11000.
The head office of the Company is located 5920-1A Street S.W., Suite 401, Calgary, Alberta, T2H 0G3, Canada.
SOURCE OneMove Capital Ltd.
Copyright CNW Group 2026
(END) Dow Jones Newswires
March 24, 2026 22:30 ET (02:30 GMT)
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