Evertz Technologies Limited (ET) Announces TSX Approval of Normal Course Issuer Bid

Executive Summary

• Evertz Technologies Limited received TSX approval to conduct a Normal Course Issuer Bid (“NCIB”) to repurchase up to 3,774,227 common shares (≈5% of outstanding shares) between 11 Dec 2025 and 10 Dec 2026.
• The company will also enter into an Automatic Securities Purchase Plan (“ASPP”) with an independent broker to enable purchases during blackout periods, effective around 11 Dec 2025.
• To date, under the prior NCIB (Nov 2024‑Nov 2025), Evertz purchased 534,107 shares at an average price of $11.42 per share.

Key Details

• NCIB Authorization: TSX acceptance to purchase up to 3,774,227 common shares over a 12‑month period (≈5% of the 75,484,550 shares outstanding as of 27 Nov 2025).
• Purchase Limits: Maximum of 5,615 shares per day, roughly 25 % of average daily volume (22,463 shares) measured May 1 – Oct 31 2025.
• Pricing: Purchases will be made at the prevailing market price on the date of each transaction; all acquired shares will be cancelled.
• Previous NCIB Activity: Under the prior bid (27 Nov 2024‑26 Nov 2025), Evertz bought 534,107 shares at an average price of $11.42 per share.
• ASPP Implementation: An Automatic Securities Purchase Plan will be entered into with an independent designated broker, approved by the TSX and effective ~11 Dec 2025.
• Allows purchases during self‑imposed blackout periods based on parameters set by Evertz.
• Broker discretion to execute purchases within ASPP limits.
• ASPP Termination Triggers: The plan ends upon the earliest occurrence of: (a) reaching the ASPP purchase limit, (b) reaching the NCIB purchase limit, (c) Evertz terminates the ASPP, or (d) the NCIB itself terminates.
• Insider Activity: No directors, senior officers, or insiders have indicated intent to sell shares under the NCIB at this time.
• Rationale Stated by Management: Shares are perceived to be undervalued relative to Evertz’s business fundamentals and strong financial position; repurchase is viewed as a “desirable use of corporate funds.”

Notable Quotes

“Evertz believes that its common shares currently trade in a price range that does not adequately reflect their underlying value based on Evertz's business and strong financial position…the outstanding common shares represent an attractive investment and a desirable use of a portion of its corporate funds.” – Doug Moore, CFO

Forward‑looking statements are included; actual results may differ materially.