ISC Launches Normal Course Issuer Bid

Core Points - Information Services Corporation (ISC) has announced a normal course issuer bid (NCIB) to purchase up to 929,007 Class A shares, representing approximately 5% of the outstanding shares as of June 2, 2025 [1][4] - The NCIB will be conducted over a twelve-month period starting June 6, 2025, and ending no later than June 5, 2026 [1] - ISC's decision to initiate the NCIB reflects confidence in its financial position and aims to return capital to shareholders [4] Summary by Sections NCIB Details - The NCIB allows ISC to purchase Class A shares at the prevailing market price, plus brokerage fees, with potential discounts for purchases under issuer bid exemption orders [2] - ISC can purchase a maximum of 1,862 Class A shares daily, which is 25% of the average daily trading volume of 7,451 shares over the past six months [3] Company Strategy - The NCIB is part of ISC's overall capital management strategy, providing flexibility to acquire shares when market prices do not reflect their underlying value [4] - Decisions regarding the timing and size of purchases will be based on various factors, including capital and liquidity positions, financial performance, and market conditions [5] Company Background - ISC is a leading provider of registry and information management services for public data and records, focused on sustaining its core business while pursuing new growth opportunities [8]