Altus Group Announces Completion of Substantial Issuer Bid

Core Viewpoint - Altus Group Limited has successfully completed a substantial issuer bid (SIB) to repurchase 2,855,696 common shares at a price of C$57.00 per share, totaling approximately C$162.77 million, which represents about 6.61% of its total issued and outstanding shares as of January 8, 2026 [1][2]. Group 1: Share Repurchase Details - The total number of shares validly tendered and not withdrawn was 6,561,903, with 2,594,032 shares purchased through auction tenders and 261,664 shares through proportionate tenders [3]. - Since the total value of shares tendered was less than the maximum amount Altus Group could purchase, all validly deposited shares were accepted without proration [3]. - Payment and settlement for the purchased shares will occur on or about January 15, 2026 [4]. Group 2: Tax Implications - The paid-up capital per share is estimated at approximately C$17.84, meaning shareholders selling shares under the SIB will be deemed to have received a taxable dividend equal to the difference between the purchase price and the paid-up capital [6]. - The specified amount for tax purposes is C$55.75, based on the closing trading price on January 8, 2026 [7]. Group 3: Company Overview - Altus Group is a leading provider of commercial real estate intelligence, connecting data, analytics, applications, and expertise to enhance CRE performance [12]. - The company employs around 1,800 experts and aims to drive optimal performance while mitigating risks in a rapidly changing industry [12].