MAPLE LEAF FOODS RECEIVES TSX APPROVAL TO PROCEED WITH NORMAL COURSE ISSUER BID

Executive Summary

• Maple Leaf Foods received TSX approval to commence a new Normal Course Issuer Bid (NCIB) program from March 13 2026 to March 12 2027.
• The company may repurchase up to 7,300,000 common shares (≈9.73% of public float), with daily purchase limits tied to average trading volume.
• All shares acquired under the NCIB will be cancelled, and an automatic share‑purchase plan has been put in place for blackout periods.

Key Details

• NCIB Authorization: Up to 7,300,000 common shares (out of 124,642,411 outstanding as of March 2 2026).
• Public Float Impact: Represents 9.73% of the public float of 74,997,436 shares (as of March 2 2026).
• Program Period: Commences 13 Mar 2026; terminates 12 Mar 2027 or earlier if purchases are completed.
• Daily Purchase Limit: Maximum of 76,396 shares per day (25% of average daily volume of 305,586 shares for the six months ended 28 Feb 2026), subject to TSX “block purchase exception.”
• Cancellation Policy: All repurchased shares will be cancelled.
• Prior NCIB Activity: Previously approved NCIB (up to 7,400,000 shares) expired 12 Mar 2026; during that period 658,800 shares were repurchased at a weighted‑average price of $28.74 per share.
• Purchase Price: Market price at time of acquisition or other TSX‑permitted pricing.
• Automatic Share Purchase Plan: Implemented with designated broker for purchases during pre‑determined blackout periods; plan is pre‑cleared by the TSX and complies with Canadian securities legislation.

Notable Quotes

(No direct quotes were provided in the release.)