SECURE ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Executive Summary

• SECURE Waste Infrastructure Corp. announced the renewal of its Normal Course Issuer Bid, authorizing repurchase of up to ~19 million common shares (≈8.8% of outstanding shares) for the period Dec 18 2025 – Dec 17 2026.
• The Board declared a quarterly dividend of $0.10 per share payable around Jan 15 2026.
• The company confirmed it will release its Q4‑2025 and full‑year 2025 financial results on Feb 20 2026, with an accompanying conference call.

Key Details

• NCIB Authorization: Up to 19,074,068 common shares may be repurchased, representing ~8.8% of the 217,786,535 shares outstanding (or 10% of public float).
• Historical Repurchases: As of Dec 5 2025, SECURE had already bought 9,696,900 shares at a weighted‑average price of $15.31/share (≈4.1% of outstanding). A Substantial Issuer Bid in May 2025 added 9,382,390 shares at $14.50/share.
• Total Repurchases: 8.1% of SECURE’s common shares have been repurchased and cancelled over the trailing twelve‑month period.
• Daily Purchase Limits: Not more than 176,286 shares (≈25% of average daily TSX volume) may be bought on any single trading day; one block purchase exceeding this limit is permitted per calendar week.
• Automatic Share Purchase Plan (ASPP): SECURE will enter an ASPP with a designated broker to facilitate purchases during blackout periods or other regulatory restrictions. The ASPP terminates when the NCIB limit is reached, the NCIB expires, or SECURE elects to end it.
• Dividend Declaration: Quarterly dividend of $0.10 per common share, payable on/around Jan 15 2026 to shareholders of record on Jan 1 2026; designated as an eligible dividend for Canadian tax purposes.
• Upcoming Results Release: Q4‑2025 and FY‑2025 financial and operating results will be posted before market open on Friday, Feb 20 2026. A conference call is scheduled for 9:00 a.m. MST the same day; dial‑in details provided.

Notable Quotes

• “The NCIB provides the Corporation with an additional capital allocation alternative to acquire common shares under the appropriate circumstances, with a view to long‑term shareholder value.” – Board of Directors / Senior Management (paraphrased from release)