Currency Exchange International, Corp. Announces Renewal of Share Buyback Program and Automatic Securities Purchase Plan

Core Viewpoint - Currency Exchange International, Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB) and Automatic Securities Purchase Plan (ASPP) to repurchase up to 359,617 common shares, representing 10% of the public float as of November 18, 2025 [1][2]. Group 1: NCIB Details - The NCIB will allow the company to repurchase shares starting from December 2, 2025, until December 1, 2026, or earlier if the maximum number of shares is repurchased [2]. - The company has 6,134,120 common shares outstanding as of November 18, 2025, and will purchase shares on the open market at prevailing market rates [2][3]. - The average daily trading volume for the common shares on the TSX was 3,908, allowing a maximum repurchase of 1,000 shares per trading day under TSX policies [4]. Group 2: Rationale for Share Repurchase - The Group CEO and Board of Directors believe that the market price may not reflect the underlying value of the company, and repurchasing shares can enhance shareholder value during periods of volatility [5]. - The previous NCIB allowed the company to repurchase 323,500 shares at an average price of C$21.30, indicating a proactive approach to managing share value [6]. Group 3: ASPP Implementation - The company has established an ASPP with its broker for automatic share purchases under the NCIB, effective December 2, 2025 [7]. - All repurchases made under the ASPP will count towards the total shares purchased under the NCIB [7]. Group 4: Company Overview - Currency Exchange International, Corp. provides foreign exchange technology and processing services for banks, credit unions, businesses, and consumers, with a focus on foreign currency exchange, wire transfers, and cheque clearing [8].