Exco Technologies Limited Announces Normal Course Issuer Bid

Executive Summary

• The Toronto Stock Exchange approved Exco Technologies’ Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 1,706,558 common shares (≈10% of public float) between 20 Feb 2026 and 19 Feb 2027.
• Exco has already purchased 572,656 shares at a weighted‑average price of $6.62 per share under the prior NCIB period (20 Feb 2025 – 19 Feb 2026).
• The Board believes the buyback can protect and enhance shareholder value, funding purchases with cash and/or bank facilities.

Key Details

• NCIB Scope: Up to 1,706,558 shares (10% of the 17,065,583‑share public float as of 8 Feb 2026).
• Timeframe: 20 Feb 2026 – 19 Feb 2027.
• Current Share Count: 37,891,331 common shares issued and outstanding (as of 8 Feb 2026).
• Trading Volume Constraint: Maximum daily repurchase of 4,931 shares (25% of average daily volume of 19,726 shares).
• Weekly Block Purchase: Allowed once per calendar week, subject to TSX rules.
• Funding Sources: Available cash and/or bank facilities.
• Prior NCIB Activity: Purchased 572,656 shares at a weighted‑average price of $6.62 per share under the previous NCIB (20 Feb 2025 – 19 Feb 2026).
• Board Rationale: Shares may be undervalued; repurchases are viewed as a good use of financial resources to protect/enhance shareholder value.

Notable Quotes

“The Board has determined that the NCIB is in the best interest of the Company and its shareholders.” – Darren Kirk, President and Chief Executive Officer, Exco Technologies Limited