Stingray Renews its Normal Course Issuer Bid

Core Viewpoint - Stingray Group Inc. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the repurchase of up to 3,710,428 subordinate voting shares, which represents approximately 10% of the public float as of September 15, 2025 [1][3]. Summary by Sections Share Repurchase Program - The Toronto Stock Exchange has authorized Stingray to repurchase up to 3,710,428 subordinate voting shares, which is about 10% of the public float as of September 15, 2025 [1]. - The net average daily trading volume for the six months preceding September 1, 2025, was 23,675 subordinate shares, allowing Stingray to purchase up to 5,918 subordinate shares on any trading day, which is 25% of this average daily trading volume [2]. - The repurchase program will commence on September 27, 2025, and will last for twelve months, concluding no later than September 26, 2026 [4]. Financial Implications - Stingray believes that repurchasing shares is a suitable use of its funds and will enhance the interests of remaining shareholders by reducing the number of shares in circulation [3]. - As of September 15, 2025, Stingray had already repurchased 1,159,300 subordinate shares at a weighted average price of $8.7156 per share, under its previous NCIB, which allows for the repurchase of up to 3,542,716 subordinate shares [7]. Automatic Securities Purchase Plan - An automatic securities purchase plan has been established, allowing shares to be repurchased during regulatory restrictions or blackout periods, with purchases made at the discretion of a designated broker [6].