Calian Announces Normal Course Issuer Bid

Core Viewpoint - Calian Group Ltd. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase shares, reflecting the company's belief that its current share price undervalues its intrinsic strength and long-term potential [2][6]. Group 1: NCIB Details - The NCIB will allow Calian to purchase up to 796,283 shares, approximately 10% of its public float, during the period from September 1, 2025, to August 31, 2026 [2][8]. - As of August 18, 2025, Calian had 11,344,555 shares issued and outstanding, and the daily purchase limit will not exceed 8,318 shares, which is 25% of the average daily trading volume [2][8]. - The company has entered into an automatic share purchase plan (ASPP) with Desjardins Securities Inc. to facilitate share purchases during regulatory restrictions or blackout periods [4][5]. Group 2: Financial Performance and Outlook - Since initiating the previous NCIB in August 2023, Calian has repurchased 704,450 shares for a total investment of $33 million, demonstrating a strong commitment to shareholder value [2]. - The company has achieved over 10 consecutive years of record revenue and has a backlog of $1.5 billion, indicating robust growth potential, particularly in the defense sector [2][6]. Group 3: Shareholder Benefits - The board believes that repurchasing shares at current market prices is a desirable use of corporate funds, which is expected to benefit all shareholders by increasing their equity interest when repurchased shares are cancelled [6][7].