Evertz Technologies Limited (ET) Announces TSX Approval of Normal Course Issuer Bid

Core Viewpoint - Evertz Technologies Limited has received approval from the Toronto Stock Exchange to initiate a Normal Course Issuer Bid (NCIB) to repurchase up to 3,774,227 of its common shares, representing approximately 5% of its outstanding shares, due to the belief that the current market price does not reflect the company's underlying value [1][2][5]. Group 1: NCIB Details - The NCIB will allow Evertz to purchase shares from December 11, 2025, to December 10, 2026 [2]. - Evertz plans to buy shares at market price and will cancel all purchased shares [3]. - The company can buy up to 5,615 shares per day, which is about 25% of its average daily trading volume [4]. Group 2: Previous NCIB Performance - Under a previous NCIB, Evertz purchased 534,107 shares at an average price of $11.42 from November 27, 2024, to October 31, 2025 [5]. Group 3: Automatic Securities Purchase Plan (ASPP) - Evertz will implement an Automatic Securities Purchase Plan (ASPP) with an independent broker to facilitate share repurchases during blackout periods [7][8]. - The ASPP allows the broker to purchase shares at times when Evertz cannot, based on pre-established parameters [9]. - The ASPP will terminate when the purchase limit is reached or if Evertz decides to terminate it [10]. Group 4: Company Overview - Evertz Technologies Limited designs, manufactures, and markets video and audio infrastructure solutions for the television, telecommunications, and new-media industries, enabling customers to enhance revenue and reduce costs through efficient content management [13].