Mr. Graham Rankin reports
EVERYDAY PEOPLE FINANCIAL CORP. ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS TO CONSIDER CHANGE OF CORPORATE NAME TO GLOBAL RECEIVABLES MANAGEMENT INC.
A special meeting of the holders of common shares in the capital of Everyday People Financial Corp. will be held on Wednesday, Sept. 30, 2026, at 10 a.m. Mountain Time. The meeting will be held in a virtual-only format via live audio webcast, and details for attending, participating and voting at the meeting will be set out in the meeting materials (as defined below). The record date for the determination of the shareholders entitled to receive notice of, and to vote at, the meeting or any adjournment or postponement thereof is Aug. 18, 2026.
The meeting is a special meeting of shareholders only and is not an annual meeting. No directors are to be elected, no auditor is to be appointed, and no matters relating to executive compensation or to equity compensation plans are to be acted upon at the meeting.
Purpose of the special meeting
At the meeting, shareholders will be asked to consider and, if deemed advisable, to pass, with or without variation, a special resolution authorizing an amendment to the articles of the company to change the name of the company from Everyday People Financial to Global Receivables Management Inc., or to such other name as may be approved by the board of directors of the company and as is acceptable to the registrar of corporations for the Province of Alberta and the TSX Venture Exchange, and authorizing the directors of the company to give effect to the name change and to the related change of the company's trading symbol on each of the exchange and the OTCQB Venture Market.
As previously announced, the company completed the divestiture of its non-core financial services and EP Homes business segments to FinCard Financial Services Inc., which transaction was approved by a majority of the company's disinterested shareholders at the company's annual and special meeting of shareholders held on July 23, 2026, and received final acceptance from the exchange on July 28, 2026. Following completion of the divestiture, the company operates exclusively as a pure-play global receivables management platform. The company's current corporate name, which reflects its former multiline business under the Everyday People brand, no longer accurately describes the nature of the company's business or the industry in which it now operates.
The board has determined that the name change is in the best interests of the company and unanimously recommends that shareholders vote for the name change resolution, for the following reasons:
- Alignment with core operations: The proposed name more accurately reflects the company's business as a pure-play global receivables management company following the disposition of its non-core subsidiaries.
- Clarity for investors and stakeholders: A name consistent with the company's actual operations will help investors, customers and other stakeholders better understand and identify the company's business focus, reducing potential confusion arising from the legacy Everyday People name.
- Corporate identity and market positioning: The name change supports the company's rebranding efforts as it establishes itself as a focused participant in the receivables management industry, which may enhance its profile and competitive positioning within that sector.
- Consistency with prior disclosure: The name change was previously announced by the company in connection with the divestiture and is consistent with the company's stated strategic direction following closing.
Change of trading symbol
The common shares are currently listed on the exchange under the trading symbol EPF and quoted on the OTCQB under the trading symbol EPFCF. In connection with the name change, the company has reserved the trading symbol GRMI with the exchange and, subject to the matters described in this news release, the common shares will trade on the exchange under the trading symbol GRMI. The company also intends to apply to have the trading symbol under which the common shares are quoted on the OTCQB changed to GRMIF. The assignment of a trading symbol on the OTCQB is determined by OTC Markets Group Inc. and the Financial Industry Regulatory Authority, and accordingly there is no assurance that the trading symbol GRMIF, or any other particular trading symbol, will be available or assigned to the company on the OTCQB. A new Cusip number and a new ISIN will be assigned to the common shares in connection with the name change. No approval of the shareholders is required in respect of the change of the company's trading symbol, which is an administrative matter determined by the applicable marketplace and regulatory authorities.
Approval requirements and effect on shareholders
The name change resolution is a special resolution and, in order to be effective, must be approved by not less than two-thirds of the votes cast by the shareholders present virtually or represented by proxy and entitled to vote at the meeting. No shareholder is required to be excluded from voting on the name change resolution, and no separate class or series vote is required. The name change also remains subject to acceptance by the exchange, and other customary regulatory and corporate approvals, including the filing of articles of amendment with the registrar, and will become effective on the date shown on the certificate of amendment to be issued by the registrar. Notwithstanding the approval of the name change resolution by shareholders, the board may, in its sole discretion and without further approval of, or notice to, shareholders, revoke the name change resolution in whole or in part, or elect not to proceed with or to delay the implementation of the name change and the change of trading symbol, at any time prior to the issuance of the certificate of amendment.
The name change is a change of the legal and commercial name of the company only. It will not result in any change to the business, operations, assets, liabilities, management or board of the company, to the authorized share capital of the company or the number of common shares issued and outstanding, or to the rights, privileges, restrictions and conditions attaching to the common shares or the proportionate interest of any shareholder in the company. Shareholders will not be required to exchange their existing share certificates or direct registration statements as a result of the name change. Neither the ABCA nor the articles or bylaws of the company confer upon shareholders a right of dissent or a right of appraisal in respect of an amendment to the articles to change the name of the company, and accordingly shareholders are not entitled to dissent in respect of the name change resolution.
Meeting materials, notice-and-access model, and voting
The company will use the notice-and-access delivery model to furnish the notice of meeting and the management information circular for the meeting to both registered and non-registered shareholders. On or before Aug. 31, 2026, being not less than 30 days prior to the date of the meeting, the company will send to shareholders of record as of the record date a notice-and-access notification together with the applicable form of proxy or voting instruction form. The meeting materials will be available as of Aug. 31, 2026, under the company's profile on SEDAR+. Shareholders will not receive paper copies of the meeting materials unless they specifically request paper copies. Shareholders who wish to receive a paper copy of the meeting materials, or who have questions about the notice-and-access delivery model, may contact Odyssey Trust Company, the company's transfer agent, at 1-888-290-1175 (toll-free within North America) or 1-587-885-0960 (direct from outside North America). In order to receive a paper copy in time to vote before the meeting, requests should be received no later than Sept. 17, 2026.
To be valid, a completed form of proxy must be received by Odyssey not later than 10 a.m. Mountain Time on Sept. 28, 2026, or, if the meeting is adjourned or postponed, not later than 48 hours (excluding Saturdays, Sundays and statutory holidays in the province of Alberta) prior to the time of the adjourned or postponed meeting. Non-registered Shareholders should note that their intermediary may set an earlier deadline for the return of voting instruction forms and should follow the instructions provided by their intermediary. Shareholders are encouraged to read the meeting materials carefully, as they contain important information with respect to voting common shares and attending and participating at the meeting.
Abridgement of notice period
The company is relying upon Section 2.20 of National Instrument 54-101, Communication with Beneficial Owners of Securities of a Reporting Issuer, in connection with the abridgement of the time period prescribed under Subsection 2.2(1) of NI 54-101 for the sending of the notification of meeting and record dates in respect of the meeting.
As contemplated by Section 2.20 of NI 54-101, the company has arranged to have all proxy-related materials in connection with the meeting sent in compliance with the applicable timing requirements of sections 2.9 and 2.12 of NI 54-101, and has arranged to carry out all of the other requirements of NI 54-101 in connection with the meeting. As the company is using the notice-and-access delivery method to send proxy-related materials to beneficial owners of common shares in connection with the meeting, the company has, in accordance with paragraph 2.20(a.1) of NI 54-101, fixed the record date for notice of the meeting to be at least 40 days before the date of the meeting, and sent the notification of meeting and record dates at least three business days before the record date for notice.
About Everyday People Financial Corp.
Everyday People Financial is a pure-play global receivables management platform company, providing fee-for-service receivables management and debt collection services across Canada and the United Kingdom. First established in 1975, the company has a work force of over 700 professionals operating across Canada and the United Kingdom.
The company's global receivables management platform, operating under BPO, EPFS, CCS, ACT, GCS and Groupe Solution, helps organizations recover receivables and streamline billing processes without purchasing consumer debt. Founded on the belief that everyone deserves a second chance to financially reestablish themselves, the company is committed to responsible receivables management that puts the customer at the heart of the process delivering optimal outcomes for clients while treating consumers with dignity and affordability.
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