Superior Receives TSX Approval for Normal Course Issuer Bid

Executive Summary

• Superior Plus Corp. announced that the Toronto Stock Exchange has accepted its notice to commence a new NCIB, effective Nov 19 2025 and running for up to 12 months.
• The program permits repurchasing up to 21,551,556 common shares (≈10 % of the public float) with daily purchase limits of 164,568 shares, all of which will be cancelled.
• An automatic purchase plan (APP) with a broker will enable purchases during blackout periods when no material non‑public information is held.

Key Details

• NCIB Commencement / Termination: Starts Nov 19 2025; ends on the earlier of Nov 18 2026, reaching the maximum share limit, or early termination per NCIB terms.
• Maximum Shares Purchasable: 21,551,556 common shares (10 % of public float as of Nov 5 2025).
• Outstanding Shares (Nov 5 2025): 222,969,783 common shares issued and outstanding.
• Daily Purchase Cap: Up to 164,568 shares per trading day (≈25 % of the average daily volume of 658,273 shares over the prior six months).
• Pricing Limits: Subject to pricing limits set by Superior’s board; specific parameters not disclosed.
• Share Cancellation: All repurchased shares will be cancelled, reducing the share count.
• Previous NCIB: Earlier program allowed purchase of up to 24,117,330 shares and expired on Aug 6 2025 after reaching its limit.
• Broker Administration & APP: Superior has engaged a broker to administer the NCIB and will use an automatic purchase plan to execute purchases during periods when the company is otherwise restricted from trading (e.g., blackout periods). Purchases under the APP require no material non‑public information and must comply with TSX rules and securities laws.
• Strategic Rationale: Management believes the common shares sometimes trade below intrinsic value; repurchasing them is viewed as an attractive use of capital aligned with broader allocation strategy.

Notable Quotes

(No direct quotes were provided in the release.)