Mattr Corp. Announces Renewal of Normal Course Issuer Bid

Core Viewpoint - Mattr Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB) for common shares, aiming to enhance shareholder value through share repurchases [1][2]. Group 1: NCIB Details - The company may purchase up to 4,991,584 common shares, which is approximately 10% of its public float as of June 16, 2025 [2]. - The NCIB will commence on June 30, 2025, and will last for one year unless the maximum number of shares is reached or the NCIB is terminated earlier [2]. - The NCIB will be funded using existing cash resources, and repurchased shares will be cancelled [3][4]. Group 2: Purchase Mechanism - Purchases will be made through the TSX and other permitted trading systems at prevailing market prices, with daily purchases limited to 68,375 common shares, representing about 25% of the average daily trading volume [3]. - The company has established an automatic share purchase plan with a designated broker to facilitate share repurchases during black-out periods [5][6]. Group 3: Previous NCIB Performance - Under the previous NCIB that started on June 28, 2024, the company repurchased 4,982,824 common shares for a total cost of approximately $65.16 million, at an average price of $13.07 per share [7]. Group 4: Company Overview - Mattr is a growth-oriented global materials technology company serving critical infrastructure markets, including transportation, communication, water management, energy, and electrification [8].