Acquisition of Aeronautical Assets from AFD For $25.6 Million – Name Change – Consolidation – Announcement of a Concurrent Private Placement of Up to $4.75 Million

MONTREAL, July 17, 2026 (GLOBE NEWSWIRE) — P osys Tech Co po atio (“P osys” o the “Co po atio ”) is pleased to a ou ce the sig i g of a lette of i te t with Ae o autics Fu d SCA SICAV-RAIF (“AFD”) a d ce tai of its egiste ed fu d holde s fo the acquisitio of i e ai c aft e gi es a d lease ag eeme ts elati g to such e gi es (the “Ta get Assets”). P osys will the cha ge its ame to Co po atio AFD Ae o / AFD Ae o Co po atio . The t a sactio will co stitute a eve se takeove esulti g i a cha ge i P osys’ busi ess a d the listi g of the Class “A” sha es of its sha e capital (the “Commo Sha es”) o the TSX Ve tu e Excha ge (the “Excha ge”).

AFD is p ima ily e gaged i the acquisitio , holdi g, ma ageme t a d leasi g of ae o autical assets, amely the Ta get Assets, i cludi g, i pa ticula , ai c aft e gi es a d spa e pa ts. AFD focuses p ima ily o CFM e gi es fo a ow-body ai c aft, i cludi g Ai bus A320 a d Boei g 737 ai c aft, which ep ese t the la gest fleet i se vice wo ldwide. AFD also ca ies o elated activities co ected to the ope atio a d mo etizatio of these assets. The t a sactio with P osys is i te ded to co solidate these eve ue-ge e ati g Ta get Assets withi a public compa y whose sha es will be listed o a stock excha ge, i o de to accele ate the g owth of the busi ess a d facilitate its access to the capital ma kets.

I co ectio with the pu chase of the Ta get Assets, P osys i te ds to complete a p ivate placeme t of equity secu ities fo mi imum g oss p oceeds of $3,500,000 a d maximum g oss p oceeds of $4,750,000 (the “P ivate Placeme t”) with seve al i vesto s, a d to e te i to a evolvi g c edit facility secu ed by the Ta get Assets i the amou t of $6,000,000 (the “Ta get Asset-Backed Fi a ci g”), subject to the app oval of the egulato y autho ities a d the Excha ge (the acquisitio of the Ta get Assets, the P ivate Placeme t a d the Ta get Asset-Backed Fi a ci g a e collectively efe ed to as the “T a sactio ”).

Upo completio of the T a sactio , the Co po atio will p oceed with a ame cha ge a d a p io co solidatio of the Commo Sha es o the basis of fo ty (40) old outsta di g sha es fo each o e (1) ew Commo Sha e (the “Co solidatio ”). This is subject to sha eholde a d Excha ge app ovals.

Lau e t Biousse, Co-Fou de a d Chief Executive Office of AFD, stated: “We a e pleased to each this impo ta t milesto e i AFD’s developme t by b i gi g togethe a po tfolio of ta gible a d eve ue-ge e ati g ae o autical assets with a public compa y. Mo t éal was the atu al choice due to its positio as a leadi g ae ospace hub, the st e gth of its i dust ial a d mai te a ce ecosystem, a d its access to No th Ame ica capital ma kets. Suppo ted by a expe ie ced team a d a lo g-established i te atio al etwo k, we i te d to co ti ue executi g ou st ategy with igo , discipli e a d a lo g-te m visio .”

T a sactio

The T a sactio will co stitute a a m’s le gth acquisitio withi the mea i g of applicable egulatio s a d is subject to a umbe of co ditio s p ecede t, i cludi g due dilige ce, completio of the mi imum P ivate Placeme t, the Ta get Asset-Backed Fi a ci g a d eceipt of ecessa y egulato y, a d eceipt of the ecessa y stock excha ge a d co po ate app ovals. All pa ties of P osys a e deali g at a m’s le gth with espect to AFD’s assets a d busi ess.

Pu sua t to the pu chase ag eeme t to be e te ed i to i co ectio with the T a sactio , the Co po atio will ag ee to acqui e the Ta get Assets fo maximum co side atio of $25,600,000, payable th ough the issua ce of 39,384,615 post-Co solidatio Commo Sha es at a deemed p ice of $0.65 pe Commo Sha e.

A fi de ’s fee co sisti g of the issua ce of 1,970,000 post-Co solidatio Commo Sha es will be payable to a m’s le gth pa ties, subject to applicable secu ities egulatio s a d Excha ge app oval.

I fo matio o the Ta get Assets

The esulti g issue will specialize i the acquisitio , ma ageme t a d value c eatio of ae o autical assets, i cludi g ai c aft e gi es a d spa e pa ts, withi a simple o ga izatio al st uctu e. The aviatio i dust y ge e ates a sig ifica t volume of assets eachi g the e d of thei ope atio al cycle, c eati g mea i gful i vestme t oppo tu ities i the ai c aft a d e gi e leasi g, disma tli g a d ecycli g ma kets. The esulti g issue will leve age these oppo tu ities by elyi g o the expe tise of its team a d o a i te atio al etwo k of aviatio i dust y pa ticipa ts to ide tify, acqui e a d e ha ce the value of high-pote tial ae o autical assets.

Highlights:

• Ta gible a d ide tified Ta get Assets ge e ati g ecu i g lease eve ue: $24.1 millio of CFM56 e gi es valued by I te atio al Ai Suppo t G oup (IASG), a i depe de t ma ket be chma k, f ee a d clea of a y fi a cial commitme t a d a y e cumb a ce. These e gi es a e ide tified, docume ted with complete ow e ship eco ds, ai wo thi ess ce tificates, tech ical eco ds a d mai te a ce histo y, a d egiste ed with the I te atio al Regist y of Mobile Assets (AVIARETO) i acco da ce with the Cape Tow Co ve tio (UNIDROIT).
• Favo able st uctu al ma ket e vi o me t: Capacity co st ai ts affecti g e gi e ma ufactu e s (OEMs) betwee 2024 a d 2030, which p eve t them f om fully meeti g dema d, suppo t the value of a d dema d fo used e gi es, pa ticula ly those i te ded fo Boei g 737 a d Ai bus A320 ai c aft families, to which the Ta get Assets belo g. I additio , global ai t affic has ecove ed to, a d ow exceeds, p e-pa demic levels, d ive i pa ticula by the g owth of the middle class i Asia ma kets. Despite ce tai egio al co flicts, global dema d fo ai t avel emai s esilie t. Fi ally, supply a d dema d te sio s allow asset ow e s to secu e highe lease ates, which may co t ibute to imp oved p ofit ma gi s. Sou ces: IATA Wo ld Ai T a spo t Statistics 2024, Ci ium Fleet A alyze , Aviatio Week, GE Ae ospace 2024 i vesto epo ts.
• Access to the public ma ket: The T a sactio will p ovide access to fi a ci g, liquidity a d exte al g owth oppo tu ities.
• Expe ie ced ope atio al ma ageme t team: A ope ati g team that is a membe of the I te atio al Society of T a spo t Ai c aft T adi g (ISTAT), with expe ie ce a d ope atio al capabilities i ai c aft asset pu chase a d sale t a sactio s a d leasi g.
• Light-st uctu e model: Outsou ced MRO, mea i g Mai te a ce, Repai a d Ove haul, a d sto age.

The Co po atio expects to complete the T a sactio a d the Co solidatio du i g the fi st qua te of its fi a cial yea e di g Septembe 30, 2026, o du i g the seco d qua te , subject to the satisfactio of customa y co t actual co ditio s. Fu the i fo matio , i cludi g the eleva t fi a cial i fo matio , will be p ovided i a subseque t p ess elease.

P ivate Placeme t a d Ta get Asset-Backed Fi a ci g

P io to the closi g of the T a sactio , the Co po atio must have completed a p ivate placeme t fo mi imum total subsc iptio s of $3,500,000 a d maximum total subsc iptio s of $4,750,000. I co ectio with the P ivate Placeme t, the Co po atio will issue a mi imum of 5,384,615 u its a d a maximum of 7,307,692 u its at a p ice of $0.65 pe post-Co solidatio u it (“U it”). Each U it will co sist of o e (1) post-Co solidatio Commo Sha e a d o e (1) wa a t (“Wa a t”). Each whole Wa a t will e title the holde the eof to pu chase, fo a pe iod of eightee (18) mo ths followi g the issua ce of the U it, o e (1) post-Co solidatio Commo Sha e at a p ice of $0.75 pe Commo Sha e.

I co ectio with the P ivate Placeme t, the esulti g issue may be equi ed to pay a maximum commissio co sisti g of: (i) a cash commissio ep ese ti g up to 10% of the g oss p oceeds of the P ivate Placeme t; a d (ii) a umbe of b oke wa a ts havi g the same te ms as the Wa a ts i cluded i the U its, equal to o mo e tha 10% of the umbe of U its subsc ibed fo , all i acco da ce with the applicable policies of the Excha ge.

Each secu ity a d u de lyi g secu ity issued i co ectio with the P ivate Placeme t a d as a commissio will be subject to a ma dato y hold pe iod of fou (4) mo ths a d o e (1) day f om the closi g date, subject to such additio al esc ow co ditio s o esale est ictio s as may be equi ed by secu ities laws o the Excha ge.

Co cu e tly with the P ivate Placeme t, the Co po atio i te ds to put i place the Ta get Asset-Backed Fi a ci g i the amou t of $6,000,000, bei g a evolvi g c edit facility secu ed by the po tfolio of CFM56 e gi es egiste ed u de the Cape Tow Co ve tio (ICAO/UNIDROIT) a d offe i g the flexibility to d aw fu ds as eeded. Such fi a ci g would be p ovided by Ca adia i stitutio s specializi g i this type of fi a ci g.

The p oceeds of the P ivate Placeme t a d the Ta get Asset-Backed Fi a ci g will be used p ima ily fo the acquisitio of ew e gi es a d the mai te a ce of existi g e gi es.

P o Fo ma Capitalizatio

Upo completio of the T a sactio , i cludi g the Co solidatio , 51,402,181 Commo Sha es, taki g i to accou t the completio of the maximum P ivate Placeme t, will be issued, of which 2,739,874 post-Co solidatio Commo Sha es of the esulti g issue will be outsta di g a d held by the cu e t sha eholde s of P osys.

Fi ally, a maximum total umbe of 5,140,218 Optio s may be issued followi g the closi g of the maximum P ivate Placeme t.

P oposed Office s a d Di ecto s of the Resulti g Issue :

P osys is pleased to a ou ce the followi g p oposed office s a d di ecto s of the esulti g issue , all of whom will become effective upo completio of the T a sactio :

Lau e t Biousse, p oposed Chief Executive Office of the esulti g issue , is the fou de a d di ecto of Ae o autics Fu d si ce its i ceptio . He bega his ca ee i 1993 i the asset ma ageme t depa tme t of Coutts & Co. i the U ited Ki gdom, the p ivate ba ki g a d wealth ma ageme t divisio of the NatWest G oup. I 1997, he joi ed Coutts’ asset ma ageme t depa tme t i Ge eva, Switze la d. I 1998, M . Biousse left Coutts to co-fou d Ge eva Asset & Wealth Ma ageme t SA, a FINMA- egulated wealth ma ageme t compa y, whe e he co ti ues to se ve as a di ecto . M . Biousse holds a MBA f om the I te atio al Ma ageme t School Ge eva, as well as a Diploma of Adva ced Studies (DAS) i Ai T a spo t Ma ageme t f om the U ive sity of Ge eva, i collabo atio with IATA. He is a Associate Membe of the Cha te ed I stitute fo Secu ities & I vestme t (CISI) i Lo do a d a membe of the I te atio al Society of T a spo t Ai c aft T adi g (ISTAT).

Stepha Woestela dt, p oposed Chief Ope ati g Office of the esulti g issue , has bee a di ecto of Ae o autics Fu d a d AFD Fu d Ma ageme t Ltd si ce thei i ceptio . Stepha is a accomplished executive with expe ie ce i the ba ki g secto gai ed at BCV (Ba que Ca to ale Vaudoise), a Swiss ba k based i Lausa e, Switze la d, f om 2001 to 2003, as well as i commodities t adi g a d ma ageme t f om 2003 to 2009. Si ce 2009, he has bee a di ecto of Beau HLB Pte Ltd, a Si gapo e compa y that fo ms pa t of Beau Holdi g SA, a legal a d fiducia y g oup with offices i Ge eva, Lausa e, the U ited A ab Emi ates a d Si gapo e. Stepha studied at ESTACA, a F e ch e gi ee i g school specializi g i ae o autics a d automotive e gi ee i g, befo e joi i g the F e ch a my, whe e he became a qualified helicopte pilot. He left the a my as a ecipie t of the Legio of Ho ou a d with the a k of captai . He is a membe of ISTAT, the I te atio al Society of T a spo t Ai c aft T adi g.

Jé ôme Guicha d, p oposed Vice-P eside t, T adi g & Leasi g of the esulti g issue , is a di ecto of AFD Fu d Ma ageme t Ltd. He joi ed Ae o autics Fu d i mid-2014 as Comme cial Di ecto a d ow devotes himself e ti ely to the t adi g a d leasi g of the fu d’s assets. Afte ea i g a maste ’s deg ee i ai t a spo t with a specializatio i ai t a spo t law, eco omics a d ma ageme t f om the U ive sity of Aix-e -P ove ce i F a ce, Jé ôme joi ed a you g F e ch egio al ai li e, Ai Litto al, a d the quickly c eated his ow ai li e f om the g ou d up, Axis Ai ways, i 1999, which became o e of F a ce’s most p omisi g cha te ai li es. He sold his compa y i 2006, whe it had 300 employees a d a ual eve ues of €125 millio , a d the lau ched his ow p ivate jet, ai c aft a d e gi e t adi g compa y. He is a membe of ISTAT, the I te atio al Society of T a spo t Ai c aft T adi g.

Alai Gafu di, p oposed Vice-P eside t, Asset Ma ageme t of the esulti g issue , is a di ecto of AFD Fu d Ma ageme t Ltd. He bega his ca ee i the ba ki g secto at UBS i Ge eva, Switze la d, whe e he was ec uited i to the ba k’s g aduate t ai i g p og am i 2006. He t ai ed as a p ivate ba ke a d wo ked fo the ba k u til 2011. I 2011, he joi ed Ba k Julius Bae i Si gapo e as Executive Di ecto , whe e he wo ked as a p ivate ba ke u til 2016, befo e joi i g Ae o autics Fu d. Alai g aduated f om the U ive sity of Ge eva, whe e he obtai ed a law deg ee. He is a membe of ISTAT, the I te atio al Society of T a spo t Ai c aft T adi g.

Richa d Ma ga e, p oposed Vice-P eside t, Busi ess Developme t of the esulti g issue , is expected to se ve as Vice-P eside t, Busi ess Developme t. He possesses di ect expe ie ce i the public capital ma kets, both as a executive office of a publicly listed compa y a d i leadi g t a sactio s i F a ce a d Ca ada. Amo g othe positio s, he held se io executive oles withi a tech ology compa y listed o Eu o ext Access Pa is a d has ma aged a d se ved o the boa ds of di ecto s of seve al publicly t aded compa ies, while also pa ticipati g i t a sactio s o the TSX Ve tu e Excha ge. As a esult, he has developed p actical expe tise ega di g public listi g, fi a ci g a d egulato y complia ce p ocesses. He has also co t ibuted to the st uctu i g a d valuatio of assets i a family office e vi o me t a d se ves as a di ecto of RM Ma ageme t Fu d SA, a compa y based i F ibou g, Switze la d, that p ovides adviso y se vices to g owth-stage compa ies. He holds a MBA i Fi a ce f om IFM Ge eva.

Geo ges Hébe t a d Ke iga Tu e will co ti ue to se ve as di ecto s of the esulti g issue :

Geo ges Hébe t has se ved as a di ecto , P eside t a d Chief Executive Office of P osys si ce 2003. He holds both a B.B.A. a d a M.B.A. f om Weste U ive sity, fo me ly the U ive sity of Weste O ta io, i Lo do . F om 1998 to 2003, he acted as a co sulta t to va ious p ivate compa ies. He se ved as a di ecto of Lau e tia Ba k of Ca ada f om 1990 to Ma ch 2008 a d was also a di ecto of Vit a Co p. a d MDS Ae o Suppo t Co po atio . F om 1988 to 1998, he se ved as P eside t of J.A. P ovost Ltée, a compa y specializi g i the i stallatio , mo ito i g a d se vici g of secu ity systems, of which he was the p i cipal sha eholde befo e selli g the compa y to the Bell G oup i 1998. Followi g the sale, he co ti ued to se ve as P eside t fo a additio al yea .

Ke iga Tu e has bee a di ecto of P osys si ce 2003. He is the Fou de , P eside t a d Chief Executive Office of Adatif I te atio al I c., a positio he has held si ce 1981. He also se ved as Chai ma of the Boa d of Di ecto s of Bouclai I c., a p ivately held compa y specializi g i the etail secto .

P i cipal Co ditio s to Closi g of the T a sactio

The closi g of the T a sactio is subject to the satisfactio of a umbe of co ditio s, as set out i the lette of i te t e te ed i to o Ma ch 19, 2026, i cludi g: (i) app oval of the T a sactio , i cludi g the Co solidatio a d the ame cha ge, by the a ual a d special meeti g of the sha eholde s of the Co po atio ; (ii) app oval of the T a sactio , i cludi g the Co solidatio a d the ame cha ge, by the Excha ge; a d (iii) completio of the P ivate Placeme t a d the Ta get Asset-Backed Fi a ci g.

A equest fo a exemptio f om spo so ship will be made to the Excha ge.

Additio al i fo matio will be p ovided i a subseque t p ess elease.

Completio of the T a sactio is co ditio al upo , amo g othe thi gs, obtai i g the co se t of the Excha ge a d, if applicable, the app oval of the disi te ested sha eholde s. If applicable, the T a sactio may ot close u til the equi ed sha eholde app oval has bee obtai ed. The e ca be o assu a ce that the T a sactio will be completed o that it will be completed i its p oposed fo m.

I vesto s should be awa e that, except fo the i fo matio p ovided i the ma ageme t p oxy ci cula o fili g stateme t to be p epa ed i co ectio with the T a sactio , ot all i fo matio published o eceived with espect to the p oposed T a sactio may be accu ate o complete a d, acco di gly, i vesto s should ot ely o it. T adi g i the secu ities of the Co po atio should be co side ed highly speculative.

TSX Ve tu e Excha ge I c. has i o way passed upo the me its of the p oposed t a sactio a d has eithe app oved o disapp oved the co te ts of this p ess elease.

About AFDAe o autics Fu d SCA SICAV-RAIF is a i vestme t platfo m specializi g i the acquisitio , ma ageme t a d value c eatio of ae o autical assets, i cludi g comme cial ai c aft, ai c aft e gi es a d spa e pa ts. The aviatio i dust y ge e ates a sig ifica t volume of assets eachi g the e d of thei ope atio al cycle, c eati g mea i gful i vestme t oppo tu ities i the ai c aft a d e gi e leasi g, disma tli g a d ecycli g ma kets. AFD leve ages these oppo tu ities by elyi g o the expe tise of its team a d o a i te atio al etwo k of aviatio i dust y pa ticipa ts to ide tify, acqui e a d e ha ce the value of high-pote tial ae o autical assets. AFD is st uctu ed i Luxembou g as a i vestme t compa y with va iable capital i co po ated as a ese ved alte ative i vestme t fu d (RAIF), gove ed i pa ticula by the Luxembou g law of July 23, 2016 o ese ved alte ative i vestme t fu ds. Fo mo e i fo matio : https://afd.ae o

Fo wa d-Looki g Stateme ts a d No -IFRS Measu esI fo matio p ovided a d stateme ts co tai ed i this p ess elease that a e ot pu ely histo ical a e fo wa d-looki g stateme ts withi the mea i g of applicable secu ities laws. Ce tai stateme ts i this docume t may co stitute fo wa d-looki g i fo matio withi the mea i g of secu ities laws. Fo wa d-looki g stateme ts co stitute i fo matio elati g to futu e outlook a d a ticipated eve ts, the busi ess, ope atio s, fi a cial pe fo ma ce, fi a cial co ditio o esults a d, i some cases, may be i t oduced by te ms such as “may”, “will”, “should”, “expect”, “pla ”, “a ticipate”, “believe”, “i te d”, “estimate”, “p edict”, “pote tial”, “co ti ue”, “e su e” o othe simila exp essio s co ce i g matte s that a e ot histo ical facts.

These stateme ts a e based o ce tai facto s a d assumptio s. Although these assumptio s a e co side ed easo able based o the i fo matio available at the time they a e made, they may p ove to be i accu ate. Fo wa d-looki g stateme ts a e also subject to ce tai facto s, i cludi g isks a d u ce tai ties, that could cause actual esults to diffe mate ially f om cu e t expectatio s. Acco di gly, futu e eve ts a d esults may diffe sig ifica tly f om what is cu e tly a ticipated. Reade s a e cautio ed ot to place u due elia ce o fo wa d-looki g i fo matio , whethe ow o at a y othe date. These stateme ts will ot be updated u less equi ed by applicable secu ities laws. Ce tai measu es used i this p ess elease do ot have a sta da dized mea i g u de I te atio al Fi a cial Repo ti g Sta da ds (IFRS) a d may be calculated diffe e tly by othe compa ies. It is believed that ce tai o -IFRS fi a cial measu es, whe p ese ted togethe with compa able IFRS fi a cial measu es, a e useful to i vesto s a d othe eade s, as they p ovide a eleva t i dicato fo assessi g ope ati g pe fo ma ce. I te ally, this o -IFRS fi a cial i fo matio is used as a i dicato of busi ess pe fo ma ce. These measu es should be co side ed as a suppleme t to, a d ot as a substitute fo o supe io to, measu es of fi a cial i fo matio p epa ed i acco da ce with IFRS.