Computer Modelling to buy back up to 5% of shares

Executive Summary

• Computer Modelling Group Ltd. announced the commencement of a Normal Course Issuer Bid (NCIB) to repurchase up to 4,136,475 common shares (≈5% of outstanding shares) between 14 Nov 2025 and 13 Nov 2026.
• The NCIB will be executed through an Automatic Share Purchase Plan (ASPP) with a designated broker, allowing purchases even during blackout periods subject to TSX rules.
• All repurchased shares will be cancelled, reducing the share count and potentially enhancing remaining shareholders’ equity interest.

Key Details

• Maximum Shares: 4,136,475 shares (≈5% of the 82,729,510 shares outstanding as of 3 Nov 2025).
• Purchase Window: 12‑month period from 14 Nov 2025 to 13 Nov 2026, or earlier if the NCIB is completed/terminated.
• Daily Purchase Limit: ≤53,297 shares per day (25% of average daily volume of 213,191 shares over the prior six months).
• Pricing & Execution: Purchases will be made at prevailing market prices on TSX, other designated exchanges, or alternative Canadian trading systems, subject to regulatory approvals.
• ASPP Mechanics: Allows purchases during periods when the company would otherwise be prohibited from buying shares; broker discretion guided by parameters set by Computer Modelling.
• Cancellation of Shares: All acquired shares will be cancelled, reducing total share count and increasing ownership percentage of remaining shareholders.
• Strategic Rationale: Board believes market price may not fully reflect intrinsic value; repurchases are viewed as a desirable use of corporate funds to benefit shareholders.

Notable Quotes

“The NCIB provides us with the flexibility to balance both paths, ensuring we can be opportunistic in allocating capital where it can create the greatest long‑term benefit for our shareholders.” – Pramod Jain, Chief Executive Officer.