VIQ Announces Normal Course Issuer Bid

Executive Summary

• VIQ Solutions Inc. announced that the TSX Venture Exchange has accepted its notice to commence a normal course issuer bid, allowing the company to repurchase up to 3,467,243 common shares (≈5% of outstanding shares) between Jan 2 2026 and Jan 1 2027.
• The repurchases will be funded through the company's existing credit facility and executed via Beacon Securities Limited, with an automatic share purchase plan to navigate blackout periods.
• Board Chair Brad Wells stated the NCIB is intended to return value to shareholders and enhance long‑term equity, reflecting confidence that the current share price undervalues the business.

Key Details

• NCIB Scope: Up to 3,467,243 shares (≈5% of outstanding shares as of Dec 15 2025; ≈7.6% of public float).
• Timeframe: 12‑month period starting Jan 2 2026 and ending Jan 1 2027, or earlier upon completion/termination.
• Funding Source: Company’s existing credit facility.
• Broker: Beacon Securities Limited will act as broker for all purchases.
• Purchase Mechanism: Shares may be bought on the TSXV or alternative Canadian trading systems at prevailing market prices; an automatic share purchase plan will allow purchases during regulatory blackout periods.
• Share Treatment: Purchased shares will be cancelled or held as treasury shares.
• Board Rationale: The board believes the current share price does not reflect VIQ’s underlying strength, operational progress, and strategic initiatives (including transformation in Australia). Repurchases are viewed as an efficient way to return value to shareholders and boost long‑term equity.

Notable Quotes

“Our Board believes that VIQ's current share price does not adequately represent the underlying strength of our business… Repurchases under the NCIB will provide an efficient mechanism to return value to our shareholders while enhancing long-term shareholder equity.” – Brad Wells, Chair of the Board