OpenText Increases Share Repurchase Program to US$500 Million

Core Viewpoint - OpenText has increased its share repurchase program to a total of US$500 million, reflecting confidence in its cash flow and capital allocation strategy [1]. Share Repurchase Program - The company raised the authorized limits of its Fiscal 2026 share repurchase program by US$200 million, from US$300 million to US$500 million [1]. - The maximum number of common shares that can be acquired remains at 24,906,456, as previously approved by the Toronto Stock Exchange [1]. - As of January 31, 2026, OpenText has repurchased approximately US$190 million worth of common shares, including about 5 million shares for an aggregate value of approximately US$165 million since the start of the program [1]. Duration and Mechanism - The normal course issuer bid (NCIB) is effective for a 12-month period from August 12, 2025, to August 11, 2026, with the possibility of earlier termination if maximum purchase limits are reached [1]. - Common shares can be repurchased through open market transactions on the TSX, NASDAQ Global Select Market, and alternative trading systems in Canada and the U.S. [1]. - An automatic share purchase plan (ASPP) is in place to facilitate these repurchases, and purchases under the ASPP will count towards the total under the NCIB [1].