Tecsys Announces Amendment to Increase Share Repurchases Under Existing Normal Course Issuer Bid

Executive Summary

• Tecsys Inc. announced a TSX‑approved amendment to its Normal Course Issuer Bid (NCIB), raising the maximum repurchasable shares from 500,000 to 900,000 for the remainder of the current term ending September 19 2026.
• The company has already repurchased approximately 216,100 shares under the NCIB as of March 13 2026.
• The increased limit represents about 6.65% of Tecsys’s public float (≈13.54 million shares), reflecting management’s confidence that share repurchases remain a desirable use of capital.

Key Details

• Amended NCIB Limit: Maximum authorized repurchase increased to 900,000 common shares (up from 500,000).
• Current Repurchases: Approximately 216,100 shares repurchased through March 13 2026.
• Public Float Basis: Based on a float of 13,537,674 shares as of September 9 2025; the new limit equals roughly 6.65% of that float.
• NCIB Term: The NCIB remains effective for the 12‑month period that began September 20 2025 and will expire on September 19 2026.
• Purchase Mechanics: Repurchases to be made at prevailing market prices via TSX or other designated exchanges, subject to daily volume limits (generally ≤25% of average daily volume) and block‑purchase exceptions.
• Automatic Securities Purchase Plan: The plan is being amended to reflect the new 900,000‑share ceiling; it continues to operate during blackout periods under pre‑set parameters.
• Capital Allocation Rationale: Management believes the market may not fully price Tecsys’s value and views additional repurchases as a disciplined use of funds that enhances ownership for remaining shareholders.

Notable Quotes

“Repurchases under the NCIB continue to represent an appropriate and desirable use of funds, increasing the proportional ownership of shareholders who retain their Shares.” – Tecsys management (press release)