{"success":true,"data":{"pressRelease":{"id":"129936","rtpr_id":"nNFC4gDqx3","ticker":"OLY","exchange":"TSX","all_tickers":["OLY"],"title":"Olympia Financial Group Inc. Announces Receipt of Final Order and Shareholder Approval for Plan of Arrangement","author":"Newsfile Corp","published_at":"2026-08-27T22:47:12.182Z","article_body":"Calgary, Alberta--(Newsfile Corp. - August 27, 2026) - Olympia Financial Group\nInc. (TSX: OLY) (\"Olympia\" or the \"Corporation\") is pleased to announce that\nthe Supreme Court of British Columbia has granted the final order (the \"Final\nOrder\") in connection with the previously announced plan of arrangement in\naccordance with section 288 of the Business Corporations Act (British\nColumbia), pursuant to which existing management agreements of the Corporation\nand Olympia Trust Company (\"OTC\") with Tarman ATM Inc. (\"Tarman\") and certain\nmembers of senior management will be terminated in exchange for cash or a\ncombination of cash and common shares of the Corporation (the \"Transaction\").\n\nPrior to the Final Order, Olympia's shareholders approved the Transaction at\nan annual and special meeting (the \"Meeting\") of the Corporation held on\nAugust 24, 2026. Detailed voting results for the special resolution approving\nthe Transaction and other matters considered at the Meeting are available on\nSEDAR+ at sedarplus.ca (https://api.newsfilecorp.com/redirect/noaQLUjBnL).\n\nNotwithstanding that the Final Order and shareholder approval in respect of\nthe Transaction have been obtained, the Transaction remains subject to the\nsatisfaction or waiver of further conditions, including the receipt of third\nparty debt financing and approval from the Minister of Finance (Alberta)\npursuant to the Loan and Trust Corporations Act (Alberta) pursuant to the\nterms of the reorganization agreement entered into on July 15, 2026 among\nOlympia, OTC, Tarman and the members of senior management participating in the\nTransaction (the \"Reorganization Agreement\"). Further details in respect of\nthe Transaction are included in the Corporation's management information\ncircular dated July 17, 2026 prepared in connection with the Meeting, and in\nthe Reorganization Agreement, each of which are available on SEDAR+ at\nwww.sedarplus.ca.\n\nAbout Olympia Financial Group Inc.\n\nOlympia conducts most of its operations through its subsidiary OTC, a\nnon-deposit taking trust company. OTC is licensed to conduct trust activities\nin Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and\nLabrador, Prince Edward Island, New Brunswick, and Nova Scotia. OTC\nadministers self-directed registered plan accounts, corporate trust, and\ntransfer agency services. Olympia also offers private health services plans\nthrough its subsidiary Olympia Benefits Inc.\n\nOlympia's common shares are listed on the Toronto Stock Exchange under the\nsymbol \"OLY\".\n\nFor further information, please contact:\n\nOlympia Financial Group Inc.\nPhil du Heaume, Chief Strategy Officer\nPhone: (403) 261-0900\nFax: (403) 261-7523\n\nStatements Regarding Forward-Looking Information\n\nCertain portions of this press release as well as other public statements by\nOlympia contain \"forward-looking information\" within the meaning of applicable\nCanadian securities legislation, which is also referred to as \"forward-looking\nstatements\", which may not be based on historical fact. Wherever possible,\nwords such as \"will,\" \"plans,\" \"expects,\" \"targets,\" \"continue,\" \"estimates,\"\n\"scheduled,\" \"anticipates,\" \"believes,\" \"intends,\" \"may,\" and similar\nexpressions or statements that certain actions, events or results \"may,\"\n\"could,\" \"would,\" \"might\" or \"will\" be taken, occur or be achieved, have been\nused to identify forward-looking information. Forward-looking statements\ncontained in Olympia's public disclosure include, without limitation,\nOlympia's earnings expectations, fee income, expense levels, general economic,\npolitical and market factors in North America and internationally, interest\nand foreign exchange rates, global equity and capital markets, business\ncompetition, technological change, changes in government regulations,\nunexpected judicial or regulatory proceedings, catastrophic events, and\nOlympia's ability to complete strategic transactions and other factors. In\naddition, this news release contains forward-looking statements relating to:\nthe expected structure, steps, timing and effect of the Transaction and the\nanticipated receipt of all required approvals for, and the satisfaction of all\nconditions in respect of, the Transaction, including the timing thereof.\n\nAll material assumptions used in making forward-looking statements are based\non management's knowledge of current business conditions and expectations of\nfuture business conditions and trends, including their knowledge of the\ncurrent interest rate and liquidity conditions affecting Olympia and the\nCanadian economy. Certain material factors or assumptions are applied by\nOlympia in making forward-looking statements, including without limitation,\nfactors and assumptions regarding interest and foreign exchange rates,\navailability of key personnel, the effect of competition, government\nregulation of its business, computer failure or security breaches, future\ncapital requirements, acceptance of its products in the marketplace, its\noperating cost structure, the current tax regime and the ability of Olympia to\nobtain necessary third-party and governmental approvals, as applicable.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/311916","article_body_html":"","raw_payload":{"data":{"id":"nNFC4gDqx3","title":"Olympia Financial Group Inc. Announces Receipt of Final Order and Shareholder Approval for Plan of Arrangement","author":"Newsfile Corp","ticker":"OLY","created":"2026-08-27T22:47:12.182Z","tickers":["OLY"],"exchange":"TSX","article_body":"Calgary, Alberta--(Newsfile Corp. - August 27, 2026) - Olympia Financial Group\nInc. (TSX: OLY) (\"Olympia\" or the \"Corporation\") is pleased to announce that\nthe Supreme Court of British Columbia has granted the final order (the \"Final\nOrder\") in connection with the previously announced plan of arrangement in\naccordance with section 288 of the Business Corporations Act (British\nColumbia), pursuant to which existing management agreements of the Corporation\nand Olympia Trust Company (\"OTC\") with Tarman ATM Inc. (\"Tarman\") and certain\nmembers of senior management will be terminated in exchange for cash or a\ncombination of cash and common shares of the Corporation (the \"Transaction\").\n\nPrior to the Final Order, Olympia's shareholders approved the Transaction at\nan annual and special meeting (the \"Meeting\") of the Corporation held on\nAugust 24, 2026. Detailed voting results for the special resolution approving\nthe Transaction and other matters considered at the Meeting are available on\nSEDAR+ at sedarplus.ca (https://api.newsfilecorp.com/redirect/noaQLUjBnL).\n\nNotwithstanding that the Final Order and shareholder approval in respect of\nthe Transaction have been obtained, the Transaction remains subject to the\nsatisfaction or waiver of further conditions, including the receipt of third\nparty debt financing and approval from the Minister of Finance (Alberta)\npursuant to the Loan and Trust Corporations Act (Alberta) pursuant to the\nterms of the reorganization agreement entered into on July 15, 2026 among\nOlympia, OTC, Tarman and the members of senior management participating in the\nTransaction (the \"Reorganization Agreement\"). Further details in respect of\nthe Transaction are included in the Corporation's management information\ncircular dated July 17, 2026 prepared in connection with the Meeting, and in\nthe Reorganization Agreement, each of which are available on SEDAR+ at\nwww.sedarplus.ca.\n\nAbout Olympia Financial Group Inc.\n\nOlympia conducts most of its operations through its subsidiary OTC, a\nnon-deposit taking trust company. OTC is licensed to conduct trust activities\nin Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and\nLabrador, Prince Edward Island, New Brunswick, and Nova Scotia. OTC\nadministers self-directed registered plan accounts, corporate trust, and\ntransfer agency services. Olympia also offers private health services plans\nthrough its subsidiary Olympia Benefits Inc.\n\nOlympia's common shares are listed on the Toronto Stock Exchange under the\nsymbol \"OLY\".\n\nFor further information, please contact:\n\nOlympia Financial Group Inc.\nPhil du Heaume, Chief Strategy Officer\nPhone: (403) 261-0900\nFax: (403) 261-7523\n\nStatements Regarding Forward-Looking Information\n\nCertain portions of this press release as well as other public statements by\nOlympia contain \"forward-looking information\" within the meaning of applicable\nCanadian securities legislation, which is also referred to as \"forward-looking\nstatements\", which may not be based on historical fact. Wherever possible,\nwords such as \"will,\" \"plans,\" \"expects,\" \"targets,\" \"continue,\" \"estimates,\"\n\"scheduled,\" \"anticipates,\" \"believes,\" \"intends,\" \"may,\" and similar\nexpressions or statements that certain actions, events or results \"may,\"\n\"could,\" \"would,\" \"might\" or \"will\" be taken, occur or be achieved, have been\nused to identify forward-looking information. Forward-looking statements\ncontained in Olympia's public disclosure include, without limitation,\nOlympia's earnings expectations, fee income, expense levels, general economic,\npolitical and market factors in North America and internationally, interest\nand foreign exchange rates, global equity and capital markets, business\ncompetition, technological change, changes in government regulations,\nunexpected judicial or regulatory proceedings, catastrophic events, and\nOlympia's ability to complete strategic transactions and other factors. In\naddition, this news release contains forward-looking statements relating to:\nthe expected structure, steps, timing and effect of the Transaction and the\nanticipated receipt of all required approvals for, and the satisfaction of all\nconditions in respect of, the Transaction, including the timing thereof.\n\nAll material assumptions used in making forward-looking statements are based\non management's knowledge of current business conditions and expectations of\nfuture business conditions and trends, including their knowledge of the\ncurrent interest rate and liquidity conditions affecting Olympia and the\nCanadian economy. Certain material factors or assumptions are applied by\nOlympia in making forward-looking statements, including without limitation,\nfactors and assumptions regarding interest and foreign exchange rates,\navailability of key personnel, the effect of competition, government\nregulation of its business, computer failure or security breaches, future\ncapital requirements, acceptance of its products in the marketplace, its\noperating cost structure, the current tax regime and the ability of Olympia to\nobtain necessary third-party and governmental approvals, as applicable.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/311916"},"type":"article","timestamp":"2026-08-27T22:47:12.245308773Z","server_sent_at_ms":1787870832245},"received_at":"2026-08-27T22:47:12.309Z","source_url":"https://www.newsfilecorp.com/release/311916"},"analysis":{"id":"118849","press_release_id":"129936","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["Transaction closing is contingent on receipt of third-party debt financing","Subject to regulatory approval by the Minister of Finance (Alberta)"],"eventType":"restructuring","narrative":"Olympia Financial Group received final approval from the Supreme Court of British Columbia and its shareholders for a plan of arrangement to terminate existing management agreements with Tarman ATM Inc. and senior management.\n\nThe transaction involves exchanging these agreements for cash or a combination of cash and common shares, effectively reorganizing the company's management structure.\n\nClosing remains subject to conditions, including securing third-party debt financing and obtaining approval from the Minister of Finance in Alberta.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Restructuring milestone achieved; closing hinges on financing and regulatory nods."},"keyFigures":{},"quotedText":"","namedEntities":{"people":[{"name":"Phil du Heaume","role":"Chief Strategy Officer"}],"products":["self-directed registered plan accounts","corporate trust","transfer agency services","private health services plans"],"companies":[{"name":"Olympia Financial Group Inc.","ticker":"OLY"},{"name":"Olympia Trust Company","relationship":"subsidiary"},{"name":"Tarman ATM Inc.","relationship":"counterparty"},{"name":"Olympia Benefits Inc.","relationship":"subsidiary"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Corporate restructuring involving the termination of management agreements with Tarman ATM Inc. and senior management, approved by shareholders and the Supreme Court of BC. While significant for governance, the transaction was previously announced, and closing remains conditional on financing and regulatory approval."},"tickerRelevance":{"others":[],"primary":"OLY"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"restructuring-milestone","marketCapAdjustment":"TSX-listed"}},"event_type":"restructuring","event_type_secondary":null,"sentiment":"neutral","material_impact_score":3,"narrative":"Olympia Financial Group received final approval from the Supreme Court of British Columbia and its shareholders for a plan of arrangement to terminate existing management agreements with Tarman ATM Inc. and senior management.\n\nThe transaction involves exchanging these agreements for cash or a combination of cash and common shares, effectively reorganizing the company's management structure.\n\nClosing remains subject to conditions, including securing third-party debt financing and obtaining approval from the Minister of Finance in Alberta.","key_figures":{},"named_entities":{"people":[{"name":"Phil du Heaume","role":"Chief Strategy Officer"}],"products":["self-directed registered plan accounts","corporate trust","transfer agency services","private health services plans"],"companies":[{"name":"Olympia Financial Group Inc.","ticker":"OLY"},{"name":"Olympia Trust Company","relationship":"subsidiary"},{"name":"Tarman ATM Inc.","relationship":"counterparty"},{"name":"Olympia Benefits Inc.","relationship":"subsidiary"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-27T22:48:25.233Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"restructuring-milestone","marketCapAdjustment":"TSX-listed"}},"durationMs":72915,"modelName":"glm-4.7"}}