Baytex Announces Granting of Exemptive Relief Regarding Its Normal Course Issuer Bid Program

Core Viewpoint - Baytex Energy Corp. has received an exemption order from Canadian securities regulators allowing it to purchase up to 10% of its public float of common shares through U.S. trading systems as part of its shareholder return strategy, enhancing its current normal course issuer bid program [1][2]. Group 1: Exemptive Relief Details - The exemptive relief applies to the current normal course issuer bid and any future bids expiring on or before July 11, 2028, with conditions including compliance with U.S. rules and a purchase price not exceeding the market price at the time [2]. - The total number of common shares purchased by Baytex across all exchanges in a 12-month period cannot exceed 10% of the public float as specified in the notice accepted by the TSX [2]. Group 2: Company Overview - Baytex Energy Corp. is based in Calgary, Alberta, with additional offices in Houston, Texas, focusing on the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the U.S. [3]. - The company's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [3].