Colliers Announces Normal Course Issuer Bid

Core Viewpoint - Colliers International Group Inc. has announced its intention to initiate a normal course issuer bid (NCIB) for its subordinate voting shares, allowing for the purchase of up to 4,300,000 shares over a twelve-month period, which represents approximately 10% of the public float as of April 30, 2025 [1][2]. Group 1: NCIB Details - The NCIB will commence on May 9, 2025, and conclude no later than May 8, 2026, with purchases made through the TSX, alternative Canadian Trading Systems, or Nasdaq [2]. - Colliers may purchase up to 4,300,000 subordinate voting shares, which is about 10% of the 43,457,718 shares in the public float as of April 30, 2025 [2]. - Daily purchases under the NCIB will be limited to 13,777 subordinate voting shares, excluding block purchases, based on the average daily trading volume of 55,111 shares from November 1, 2024, to April 30, 2025 [2]. Group 2: Previous NCIB and Management Strategy - The previous NCIB authorized the purchase of up to 4,000,000 subordinate voting shares and expired on July 19, 2024, with no shares purchased under that program [4]. - Colliers may decide to purchase shares if it finds the market price attractive and believes it is a suitable use of corporate funds [3]. Group 3: Broker and Purchase Plan - BMO Nesbitt Burns Inc. has been appointed as the designated broker for the NCIB, and an automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5]. - The ASPP has been pre-cleared by the TSX and will be effective starting May 9, 2025 [5]. Group 4: Company Overview - Colliers is a global diversified professional services and investment management company, with nearly $5.0 billion in annual revenues and over $100 billion in assets under management [6]. - The company operates through three platforms: Real Estate Services, Engineering, and Investment Management, and has consistently delivered approximately 20% compound annual returns for shareholders over the past 30 years [6].