CMG Amends Normal Course Issuer Bid

Core Viewpoint - Computer Modelling Group Ltd. ("CMG") has announced an amendment to its Normal Course Issuer Bid ("NCIB") to increase the maximum number of shares eligible for repurchase, reflecting the company's belief that its market price may not fully represent its underlying value [1][5]. Group 1: NCIB Amendment Details - The maximum number of common shares that may be repurchased has increased from 4,136,475 shares (5% of outstanding shares as of November 3, 2025) to 4,791,369 shares (10% of the public float as of the same date) [2]. - The NCIB purchases began on November 14, 2025, and will conclude no later than November 13, 2026, with 3,031,900 shares already purchased as of February 20, 2026 [3]. - Daily purchases will not exceed 53,297 shares, which is 25% of the average daily trading volume of 213,191 shares for the six months ending October 31, 2025 [4]. Group 2: Rationale for Share Repurchase - The amendment aims to allow for increased share repurchases as the company believes that the market price may not reflect its true business value, making share buybacks a desirable use of corporate funds [5]. - The repurchase of shares is expected to benefit existing shareholders by increasing their equity interest when repurchased shares are cancelled [5]. Group 3: Purchase Mechanism - All purchases under the NCIB will be conducted through the TSX and other designated exchanges at prevailing market prices, with all repurchased shares being cancelled [6].