MTY Food Group Inc. announces renewal of normal course issuer bid

Core Viewpoint - MTY Food Group Inc. has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid, allowing the company to repurchase shares as part of its capital allocation strategy [1][5]. Summary by Sections Normal Course Issuer Bid (NCIB) - MTY is authorized to purchase up to 1,142,068 common shares from July 3, 2025, to July 2, 2026, which is approximately 5% of the 22,841,361 outstanding common shares as of June 19, 2025 [2]. - Under the previous NCIB, which is set to expire on July 2, 2025, MTY repurchased 1,059,100 common shares at a weighted average price of $44.96 [3]. Trading Volume and Purchase Limits - The average daily trading volume for MTY's common shares on the TSX for the six months ending May 31, 2025, was 50,791 shares, allowing a maximum purchase of 12,697 shares on any given day, barring block purchase exceptions [4]. Management's Perspective - The Board of Directors and senior management believe that repurchasing common shares at prevailing market prices is a beneficial capital allocation strategy and serves the best interests of the company [5].