Clairvest Announces New Normal Course Issuer Bid

Executive Summary

• Clairvest Group Inc. received TSX acceptance to commence a new Normal Course Issuer Bid (NCIB) allowing the purchase of up to 693,107 common shares (≈5% of outstanding shares) between March 10 2026 and March 9 2027.
• The company will also renew its Automatic Share Purchase Plan (ASPP) to enable purchases during internal trading black‑out periods, subject to broker discretion and pre‑set parameters.
• Prior NCIB activity has already repurchased 3,903,432 shares at an approximate cost of $63 million; the most recent twelve‑month purchase was 97,900 shares at a weighted average price of $71.50 per share.

Key Details

• NCIB Scope: Up to 693,107 common shares (≈5% of total outstanding) may be bought over a 12‑month period starting March 10 2026.
• Daily Purchase Limits: Maximum of 1,000 shares per day, except for block purchase exceptions.
• Purchase Price: Market price at the time of acquisition; all purchased shares will be cancelled.
• Historical Repurchases: 3,903,432 shares repurchased to date at a total cost of ~ $63 million.
• Recent Activity: 97,900 shares bought in the last twelve months at an average price of $71.50 per share (within the approved limit of 718,192 shares).
• Outstanding Shares (Feb 27 2026): 13,862,142 common shares.
• Average Daily Trading Volume: 452 shares over the six months ending Feb 27 2026.
• ASPP Renewal: Enables purchases during periods when Clairvest is otherwise restricted from trading due to regulatory or internal blackout rules.
• ASPP Mechanics: Broker may execute purchases at its discretion based on parameters set by Clairvest; purchases outside blackout periods remain at Clairvest’s discretion.
• ASPP Termination Triggers: (a) NCIB purchase limit reached, (b) NCIB expiration, or (c) Clairvest terminates the ASPP per its terms.

Notable Quotes

(No direct quotes were provided in the release.)