Power’s $590M Lumenpulse going-private transaction approved by shareholders

Shareholders of Lumenpulse Inc. (TSX: LMP) have approved the previously announced go-private transaction with 10191051 Canada Inc. pursuant to the arrangement agreement, 10191051 Canada Inc. will acquire all of the issued and outstanding common shares of Lumenpulse for $21.25 per share in cash for an equity value of approximately $590 million.

François-Xavier Souvay, founder, President and CEO of Lumenpulse, several other existing shareholders including Fonds de solidarité FTQ Investissements Croissance I, S.E.C. will roll-over their shares.

10191051 Canada Inc. is a wholly-owned subsidiary of Power Energy Corporation which in turn is a wholly-owned subsidiary of Power Corporation of Canada (TSX: PW)

CIBC Capital Markets acts as financial advisor and Norton Rose Fulbright Canada LLP serves as legal counsel to the Lumenpulse Special Committee. Fasken Martineau DuMoulin LLP serves as legal counsel to Lumenpulse.

National Bank Financial Inc. is the financial advisor to 10191051 Canada Inc. and Stikeman Elliott LLP acts as its legal counsel.

Founded in 2006, the Lumenpulse Group designs, develops, manufactures and sells a wide range of high performance and sustainable specification-grade LED lighting solutions for commercial, institutional and urban environments.

On April 15, 201, Lumenpulse went public on Toronto Stock Exchange (TSX), completing an initial public offering of 6,250,000 shares at $16.00 per share for gross proceeds of $100,000,000.

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.