Descartes Announces TSX Acceptance of Normal Course Issuer Bid

Core Viewpoint - Descartes Systems Group Inc. has announced the initiation of a Normal Course Issuer Bid (the Bid) to repurchase up to 8,568,582 common shares, approximately 10% of its public float, to enhance shareholder value and manage its capital position [1][2][6]. Group 1: Bid Details - The Bid will commence on December 11, 2025, and will conclude on December 10, 2026, or upon completion of the share purchases [2]. - Descartes plans to repurchase shares on the open market, with a daily purchase limit of 51,176 common shares based on the average daily trading volume [3]. - The repurchases will be funded using existing cash resources, and any shares repurchased will be cancelled [4]. Group 2: Automatic Share Purchase Plan - Descartes has established an automatic share purchase plan (ASPP) with a designated broker to facilitate share purchases during periods when the company is typically restricted from buying shares [5]. Group 3: Share Structure - As of November 30, 2025, Descartes had 85,986,823 issued and outstanding common shares, with a public float of 85,685,826 common shares [6].