OpenText increases share repurchase program to $500M

Group 1 - OpenText (OTEX) has increased its FY26 share repurchase program by $200 million, intending to purchase up to a maximum aggregate value of $500 million of its common shares under a normal course issuer bid (NCIB) [1] - The maximum number of common shares that may be acquired under the NCIB remains unchanged at 24,906,456 common shares, previously approved by the TSX [1] - The NCIB is effective for a 12-month period from August 12, 2025, to August 11, 2026 [1] Group 2 - As of January 31, 2026, the company has purchased approximately $190 million of common shares for cancellation during FY26 [1] - Approximately 5 million common shares have been purchased and cancelled for an aggregate value of approximately $165 million since the beginning of the NCIB [1]