AUTOCANADA RECEIVES TSX APPROVAL FOR NORMAL COURSE ISSUER BID

Executive Summary

• AutoCanada Inc. received TSX approval to commence a normal‑course issuer bid, allowing the company to repurchase and cancel up to 1,177,539 common shares (~10% of public float).
• The NCIB will run from 18 Dec 2025 to the earlier of 17 Dec 2026 or when the maximum share count is reached, with daily purchase limits tied to average trading volume.
• Management frames the program as a flexible use of capital to buy shares at attractive prices and enhance shareholder value.

Key Details

• NCIB Scope: Up to 1,177,539 common shares may be purchased for cancellation, representing approximately 10 % of the public float (11,775,396 shares).
• Timeline: Commences 18 Dec 2025; terminates on the earlier of 17 Dec 2026, full‑capacity purchase, or an earlier date at AutoCanada’s discretion.
• Daily Purchase Limit: Maximum of 13,015 shares per day (25 % of average daily volume for the six months ended 30 Nov 2025, which was 52,063 shares), unless a “block purchase exception” applies under TSX rules.
• Purchase Mechanics: Acquisitions will be executed through TSX facilities and/or alternative Canadian trading systems at prevailing market prices, complying with TSX rules and securities laws.
• Share Cancellation: All shares bought under the NCIB will be cancelled, reducing total outstanding share count.
• Strategic Rationale: Management believes the market price may not fully reflect underlying value; the NCIB provides a mechanism to opportunistically repurchase shares at attractive prices, representing an appropriate use of capital and serving shareholders’ best interests.

Notable Quotes

• “The NCIB provides the Company with a flexible mechanism to repurchase Shares opportunistically at attractive prices, representing an appropriate use of capital and being in the best interests of the Company and its shareholders.” – AutoCanada Management (press release)