The North West Company Inc. Announces Renewal of its Normal Course Issuer Bid

Core Viewpoint - The North West Company Inc. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 4,752,020 of its common voting shares and variable voting shares, representing approximately 10% of its public float as of November 13, 2025, with the aim of utilizing available resources in the best interests of the Company [1][2]. Summary by Sections NCIB Details - The Company may acquire a maximum of 4,752,020 Shares for cancellation over the next 12 months, based on its public float as of November 13, 2025, which includes 47,736,757 issued and outstanding Shares [2]. - Purchases will be conducted through the TSX or Canadian alternative trading systems at market price, with a daily maximum purchase limit of 35,865 Shares, which is approximately 25% of the average daily trading volume over the last six months [3]. Automatic Securities Purchase Plan - An automatic securities purchase plan has been established to facilitate share purchases during regulatory restrictions or blackout periods, allowing the Company to request its broker to make purchases within specified parameters [4]. - The automatic securities purchase plan will be effective starting November 25, 2025, and the Company retains the right to suspend or discontinue the NCIB at any time [4][5]. Historical Context - The current NCIB follows the previous 2025 NCIB, which allowed the repurchase of up to 4,765,289 Shares, during which the Company repurchased and canceled 197,899 Shares at an average price of $47.63 per Share [6]. Company Profile - The North West Company Inc. is a leading retailer of food and everyday products, operating 229 stores under various trading names and generating annualized sales of approximately CDN$2.6 billion [12].