RICHARDS GROUP INC. ANNOUNCES NORMAL COURSE ISSUER BID

Executive Summary

• Richards Group Inc. announced a normal course issuer bid to purchase up to 770,000 shares (~10% of the public float).
• The bid will run from December 31 2025 to no later than December 30 2026, with daily purchase limits based on average trading volume.
• All acquired shares will be cancelled, and the directors consider the repurchase an appropriate use of available funds.

Key Details

• Target Shares: Up to 770,000 shares, representing approximately 10% of the issued and outstanding shares (11,418,014 total).
• Bid Period: Commences December 31 2025; terminates no later than December 30 2026.
• Daily Purchase Limit: Maximum of 2,158 shares per trading day (based on average daily volume of 8,632 over the six months ended November 30 2025).
• Purchase Mechanism: Executed through Toronto Stock Exchange and alternative Canadian trading systems; utilizes an automatic securities purchase plan.
• Share Cancellation: All purchased shares will be cancelled upon acquisition.
• Regulatory Framework: Purchases made in accordance with TSX rules and the exchange’s block‑purchase exemption where applicable.
• Director Rationale: Directors deem the repurchase a desirable use of available funds.

Notable Quotes

(No direct quotes were provided in the release.)