TWC Enterprises Limited Announces Renewal of Normal Course Issuer Bid

Core Viewpoint - TWC Enterprises Limited intends to initiate a normal course issuer bid to repurchase up to 1,208,438 common shares, approximately 5% of its outstanding shares, due to perceived undervaluation in the market [1][2][4]. Group 1: Issuer Bid Details - The normal course issuer bid will commence on September 20, 2025, and conclude on September 19, 2026 [2]. - TWC plans to purchase common shares at market price, with management determining the number and timing of purchases [2]. - Under the current issuer bid expiring on September 19, 2025, TWC has purchased 233,483 common shares at an average cost of $21.80 [3]. Group 2: Market Perception and Impact - TWC believes its common shares are undervalued relative to the company's business and future prospects, making them an attractive investment [4]. - The repurchase of shares is expected to benefit existing shareholders by increasing their proportional interest in the company [4]. Group 3: Company Profile - TWC is the largest owner, operator, and manager of golf clubs in Canada, operating under the trademark "ClubLink One Membership More Golf" [5]. - The company manages 47 championship golf courses and 2.5 academy courses across 35 locations in Ontario, Quebec, and Florida [5].