Stella-Jones Announces Normal Course Issuer Bid

Executive Summary

• Stella‑Jones Inc. received TSX acceptance of its Notice of Intention to make a Normal Course Issuer Bid, authorizing the purchase and cancellation of up to 1.5 million common shares (≈2.7% of outstanding shares) between 14 Nov 2025 and 13 Nov 2026.
• The NCIB will be executed on the open market with a daily purchase limit of 22,955 shares (25% of ADTV), at market price, and may include automatic purchases during blackout periods.
• To date, Stella‑Jones has repurchased 1,101,732 shares at a weighted‑average price of $74.87 per share, costing approximately $82.49 million.

Key Details

• Authorized Repurchase: Up to 1,500,000 common shares (≈2.7% of total outstanding) for the period 14 Nov 2025 – 13 Nov 2026.
• Outstanding Shares (as of 31 Oct 2025): 54,907,310 issued; 40,208,845 in public float.
• Average Daily Trading Volume (6‑month ending 31 Oct 2025): 91,822 shares.
• Daily Purchase Limit: 22,955 shares (25% of ADTV), subject to TSX exceptions.
• Purchase Price: Market price at time of acquisition; purchases made at management’s discretion.
• Automatic Share Purchase Plan: Implemented with designated broker to allow purchases during self‑imposed blackout periods if deemed advisable.
• Historical Repurchase (14 Nov 2024 – 31 Oct 2025): 1,101,732 shares purchased at a weighted average price of $74.87 per share; total consideration ≈ $82,489,752.
• Board Rationale: Repurchase deemed an attractive and responsible use of capital, in the best interests of shareholders.

Notable Quotes

(No direct quotes provided in the release.)