Currency Exchange International, Corp. Announces Renewal of Share Buyback Program and Automatic Securities Purchase Plan

Executive Summary

• Currency Exchange International received TSX approval to renew its NCIB and ASPP, authorizing the repurchase and cancellation of up to 359,617 common shares (≈10% of public float).
• The buy‑back program may commence on December 2 2025 and run through December 1 2026, funded with available cash and subject to daily/weekly purchase limits under TSX rules.
• The Board believes the repurchase represents a good use of financial resources and can protect/enhance shareholder value; prior NCIB activity saw 323,500 shares bought at a VWAP of C$21.30.

Key Details

• Maximum Shares: 359,617 common shares (≈10% of public float as of Nov 18 2025).
• Share Count Basis: 6,134,120 common shares issued and outstanding on Nov 18 2025.
• Program Period: Purchases may start Dec 2 2025; terminate Dec 1 2026 or earlier if the share limit is reached.
• Purchase Mechanics:
• Open‑market purchases via TSX facilities and alternative Canadian platforms at prevailing market rates.
• Daily cap of 1,000 shares (based on average daily volume of 3,908 over the prior six months).
• One block purchase per week permitted under TSX rules.
• Funding: Entirely from cash on hand; no external financing required.
• ASPP Details: Broker‑driven automatic purchases under parameters set by the Company; pre‑cleared by TSX and effective Dec 2 2025. All ASPP repurchases count toward NCIB totals.
• Prior NCIB (Dec 2024–Dec 2025): Authorized up to 377,000 shares; actually repurchased 323,500 shares at a volume‑weighted average price of C$21.30.
• Board Rationale: Management believes the company’s intrinsic value may not be fully reflected in market price; share repurchases are viewed as a means to protect and enhance shareholder value during periods of volatility or opportunity.

Notable Quotes

“The Board of Directors has determined that the NCIB is in the best interest of Currency Exchange and its shareholders,” said CXI’s Group CEO Randolph Pinna.