SSC Security Services Corp. Announces Intention to Renew Normal Course Issuer Bid

Executive Summary

• SSC Security Services Corp. announced its intention to commence a new normal course issuer bid for up to 1,100,000 Class A common shares (~10% of the public float), starting January 6 2026.
• The bid will be executed through CIBC Capital Markets and all purchased shares will be cancelled, aiming to enhance shareholder value.
• Historical NCIB activity is disclosed, showing cumulative purchases of millions of shares since 2019 (adjusted for a 1‑for‑3 share consolidation).

Key Details

• Bid Scope: Up to 1,100,000 Class A common shares, representing ~10% of SSC’s public float.
• Timing: Commences January 6 2026; terminates on the earlier of January 5 2027 or when the maximum share amount is acquired.
• Execution Platform: TSX Venture Exchange (or other designated exchange as defined by Canadian securities law).
• Purchase Price: Market price of the shares at the time of each acquisition, in accordance with exchange requirements.
• Broker: CIBC Capital Markets appointed to conduct the NCIB transactions.
• Share Cancellation: All shares purchased under the bid will be cancelled, reducing outstanding share count.
• Management Rationale: Shares are perceived to be trading below intrinsic value; repurchase expected to enhance overall shareholder value.
• Historical NCIB Activity (adjusted for 1‑for‑3 consolidation):
• 1,695,540 shares – expired Dec 13 2019
• 766,904 shares – expired Dec 17 2020
• 606,433 shares – expired Jan 3 2022
• 379,300 shares – expired Jan 3 2023
• 384,000 shares – expired Jan 3 2024
• 576,600 shares – expired Jan 3 2025
• 272,300 shares – ongoing (started Jan 6 2025, expires Jan 5 2026)
• Prior Substantial Issuer Bids:
• 5,362,694 shares announced July 15 2019
• 2,472,895 shares announced Mar 6 2020

Notable Quotes

(No direct quotes were provided in the release.)