ATS Announces Normal Course Issuer Bid

Executive Summary

• ATS Corporation announced that the Toronto Stock Exchange has accepted its notice to commence a new Normal Course Issuer Bid (NCIB) allowing the purchase and cancellation of up to 8,225,621 common shares (~10% of public float).
• The NCIB will run for twelve months from December 22 2025 to December 21 2026, with daily purchase limits tied to average trading volume.
• ATS previously repurchased 308,758 shares under the 2024 NCIB at a weighted‑average price of $32.39 per share.

Key Details

• Maximum Shares Purchasable: 8,225,621 common shares (≈10% of the public float as of Dec 10 2025).
• Public Float Reference: 82,256,213 common shares outstanding on Dec 10 2025.
• NCIB Period: Begins Dec 22 2025; must be completed on or before Dec 21 2026 (12‑month window).
• Daily Purchase Cap: No more than 25% of the six‑month average daily volume (194,783 shares), i.e., ≤48,695 shares per day, unless block purchase exemptions apply.
• Average Daily Volume Basis: Six calendar months ending Nov 30 2025.
• Automatic Purchase Plan: May be used to acquire shares during blackout periods or when insider trading restrictions are in effect.
• Purpose Statement: Management believes the NCIB will provide liquidity and reflect underlying share value, supporting overall capital‑structure strategy and acquisition growth plans.
• Prior NCIB (2024) Results: Approved to purchase up to 8,259,180 shares; actually repurchased 308,758 shares at a weighted average price of $32.39 per share during Dec 16 2024 – Dec 15 2025.

Notable Quotes

• “ATS believes that there are times when the market price of its common shares may not reflect their underlying value and that the purchase of shares by ATS will both provide liquidity to existing shareholders and benefit remaining shareholders.” – Management statement on NCIB rationale.