Wayland Group Corp. Securities Class Actions

What could eligible class members receive?

• The proposed settlement is CAD $8 million, subject to Court approval and other conditions.
• The fund includes interest, fees, taxes, and disbursements, including Class Counsel’s legal fees and disbursements. This means the notice does not promise that the full $8 million will be distributed to class members.
• No individual payment amount is stated. Distribution would be under a Court-approved Plan of Allocation.

Do I need to file a claim now?

• You do not need to take action now simply to remain included in the Actions.
• To seek a payment from the settlement, the notice says you will need information in a later notice about submitting a Claim Form to the Administrator.
• This notice does not state the claim deadline, how to submit the form, or what records or documents will be needed.

Will I need documents to receive a payment?

• The notice does not say what proof or supporting documents will be required for a payment.
• It says a later notice will explain how to submit a Claim Form to participate in the distribution.

How do I opt out, and what happens if I do?

• You may opt out by sending a written opt-out in English or French by prepaid mail or email to Berger Montague (Canada) PC.
• It must include your full name, current mailing address, telephone number, and email address if available.
• The notice gives a deadline of March 2, 2026, at 5:00 p.m. E.S.T.
• If you opt out, you cannot receive a distribution from the Net Settlement Amount. If you do not opt out, you will be bound by the settlement terms and cannot bring an independent action against the Settling Defendants over these matters.

What information is required to object?

• An objection must be in writing and may be in English or French.
• It must provide your contact information, the number of shares purchased during and held at the close of the Class Period, your reasons for objecting, and whether you or a lawyer will attend the hearing.
• The notice says to send it by prepaid mail or email to Berger Montague (Canada) PC. The printed objection deadline has a malformed year, so this notice does not provide a reliable objection date.

When is the Settlement Approval Hearing, and what will the Court consider?

• The hearing is scheduled for March 9, 2026, beginning at 10:00 a.m. E.S.T.
• It will be held at the courthouse at 130 Queen Street West in Toronto, Ontario, or virtually.
• The Court will consider the proposed settlement, Class Counsel’s requested fees and expense reimbursement, and the Plan of Allocation.

Does this settlement resolve the claims against Benjamin Ward?

• The proposed settlement is with the defendants in the Stajic and Bordeleau-Tassile Actions and with Wayland, through its Litigation Guardian, in the Wayland Action.
• Benjamin Allan Ward is not part of this proposed settlement.
• If approved and its conditions are met, the Wayland Action would continue against Ward.