illumin Announces TSX Acceptance of Normal Course Issuer Bid

Executive Summary

• illumin Holdings Inc. received TSX approval to renew its NCIB, allowing the purchase and cancellation of up to 3,858,045 common shares (≈10% of public float).
• The NCIB will run from 31 Dec 2025 to 30 Dec 2026, with a daily purchase limit of 25,279 shares based on an ADTV of 101,116.
• An Automatic Share Purchase Plan (ASPP) has been pre‑cleared by the TSX to enable purchases during broker‑controlled blackout periods; the ASPP is effective 31 Dec 2025 and terminates when the NCIB expires, the share limit is reached, or the company ends it.

Key Details

• Maximum Shares Purchasable: 3,858,045 common shares (≈10% of public float as of 17 Dec 2025).
• Shares Outstanding (12/17/2025): 51,573,462.
• Average Daily Trading Volume (Jun‑Nov 2025): 101,116 shares → Daily Purchase Limit: 25,279 shares (25% of ADTV).
• NCIB Period: Commences 31 Dec 2025; may continue until 30 Dec 2026 or earlier if completed/terminated.
• Purchase Mechanism: Registered broker will buy shares on TSX and alternative Canadian trading systems at prevailing market prices.
• Automatic Share Purchase Plan (ASPP):
• Pre‑cleared by TSX, effective 31 Dec 2025.
• Allows purchases during internal blackout periods at broker’s discretion within set parameters.
• Terminates on earliest of NCIB expiry, full share purchase, or company termination of ASPP.
• Previous NCIB (2024‑25): Approved to buy up to 3,914,167 shares; commenced 23 Dec 2025, expired 22 Dec 2025. Repurchased & cancelled 1,025,552 shares at an average price of $1.53 per share.
• Management Rationale: Belief that market price may not fully reflect underlying value; buybacks expected to reduce issued share count and increase remaining shareholders’ proportional interest.

Notable Quotes

(No direct quotes were provided in the release.)