Genesis Land Development Corp. Announces Renewal of Normal Course Issuer Bid

Executive Summary

• Genesis Land Development Corp. announced that the TSX has approved a one‑year renewal of its Normal Course Issuer Bid, effective December 18 2025 and ending on the earlier of December 17 2026 or when the maximum share purchase limit is reached.
• The company may repurchase up to 2,832,283 common shares (≈5% of outstanding shares) at a price ceiling of $3.75 per share, for a total potential outlay of $10.621 million.
• An automatic share‑purchase plan will be administered by Stifel Nicolaus Canada Inc., and the company disclosed prior‑period purchase activity (141,347 shares purchased at an average $3.25).

Key Details

• Maximum Shares Purchasable: 2,832,283 common shares (5% of the 56,645,661 shares outstanding as of Dec 4 2025).
• Purchase Price Cap: $3.75 per share; overall spend cap of $10,621,000.
• Daily Purchase Limit: 1,030 shares (≈25% of average daily volume of 4,123 shares for the six months ended Nov 30 2025).
• Weekly Block Purchase: One block purchase per calendar week may exceed the daily limit, subject to TSX rules.
• Effective Date: December 18 2025; automatic share‑purchase plan to be executed through Stifel Nicolaus Canada Inc.
• Prior Bid Activity (Dec 18 2024 – Dec 17 2025): 141,347 shares purchased at an average price of $3.25 per share.
• Outstanding Shares (as of Dec 4 2025): 56,645,661 common shares.
• Purpose Statement: Management believes the market price does not fully reflect underlying asset value; repurchasing shares is viewed as a prudent use of corporate funds benefiting shareholders.

Notable Quotes

(No direct quotes were provided in the release.)