OpenText Increases Share Repurchase Program to US$450 Million and Establishes Automatic Share Purchase Plan

Core Viewpoint - OpenText has increased its Fiscal 2025 normal course issuer bid (NCIB) by US$150 million, raising the total authorized amount to US$450 million for share repurchases [1][2]. Group 1: Share Repurchase Program - The NCIB allows the company to repurchase up to 21,179,064 common shares, with the program effective from August 7, 2024, to August 6, 2025 [1][2]. - Since the inception of the NCIB, OpenText has repurchased approximately 8.9 million common shares for an aggregate value of about US$258 million [2]. Group 2: Automatic Share Purchase Plan (ASPP) - An automatic share purchase plan (ASPP) has been established to facilitate share repurchases during periods when the company cannot ordinarily make purchases due to regulatory restrictions [3][4]. - The ASPP will be effective from March 14, 2025, and will terminate when the maximum purchase limits under the NCIB are reached, on August 6, 2025, or if the company decides to terminate the ASPP [4].