RICHARDS GROUP INC. ANNOUNCES NORMAL COURSE ISSUER BID

Executive Summary

• Richards Group Inc. announced a normal course issuer bid to repurchase up to 770,000 shares (~10% of the public float).
• The buy‑back will run from 31 Dec 2025 to no later than 30 Dec 2026, with daily purchase limits tied to average trading volume.
• All acquired shares will be cancelled, reducing outstanding share count and potentially enhancing shareholder value.

Key Details

• Maximum Shares: Up to 770,000 shares (≈10% of the total issued and outstanding shares).
• Current Share Count: 11,418,014 shares issued and outstanding as of 23 Dec 2025.
• Purchase Mechanics: Executed through Toronto Stock Exchange facilities and alternative Canadian trading systems; an automatic securities purchase plan will be used.
• Daily Purchase Cap: Limited to 2,158 shares per trading day (based on average daily volume of 8,632 over the six months ended 30 Nov 2025).
• Bid Period: Commences 31 Dec 2025; must conclude no later than 30 Dec 2026.
• Share Cancellation: All purchased shares will be cancelled, permanently reducing the share count.
• Board Rationale: Directors consider the repurchase an appropriate and desirable use of available funds.

Notable Quotes

(No direct quotes were included in the release.)