7 September 2017
Dominion Diamond Corporation today announced that Institutional Shareholder Services, Inc. and Glass, Lewis & Co., LLC, two leading independent proxy advisory firms, have both recommended that shareholders of Dominion vote for the special resolution at the upcoming special meeting of the shareholders to approve a statutory plan of arrangement pursuant to which Northwest Acquisitions ULC, an entity affiliated with The Washington Companies, will acquire all of the issued and outstanding common shares of Dominion for a cash consideration of US$14.25 per share. In their analysis, both ISS and Glass Lewis acknowledged the substantial premium for shareholders, the certainty of value and liquidity to shareholders due to the all-cash consideration, and the robust auction process, as factors supporting a FOR recommendation.