Core Viewpoint - TWC Enterprises Limited intends to initiate a normal course issuer bid to repurchase up to 1,208,438 common shares, approximately 5% of its outstanding shares, due to perceived undervaluation in the market [1][2][4]. Group 1: Issuer Bid Details - The normal course issuer bid will commence on September 20, 2025, and conclude on September 19, 2026 [2]. - TWC plans to purchase common shares at market price, with management determining the number and timing of purchases [2]. - Under the current issuer bid expiring on September 19, 2025, TWC has purchased 233,483 common shares at an average cost of $21.80 [3]. Group 2: Market Perception and Impact - TWC believes its common shares are undervalued relative to the company's business and future prospects, making them an attractive investment [4]. - The repurchase of shares is expected to benefit existing shareholders by increasing their proportional interest in the company [4]. Group 3: Company Profile - TWC is the largest owner, operator, and manager of golf clubs in Canada, operating under the trademark "ClubLink One Membership More Golf" [5]. - The company manages 47 championship golf courses and 2.5 academy courses across 35 locations in Ontario, Quebec, and Florida [5].

Group 1: Shareholder Meeting Results - TWC Enterprises Limited held its Annual Shareholders Meeting on May 7, 2025, with 37 shareholders representing 21,047,881 Common Shares, which is 86.36% of the total 24,371,549 issued and outstanding Common Shares [2][3] - All eight nominees proposed by management were elected as Directors of the Corporation, with voting results showing unanimous support for most nominees, except for Samuel J. B. Pollock, who received 98.55% votes in favor [3] - Deloitte LLP was appointed as the auditor of the Corporation, receiving 100% votes in favor, with 21,047,843 votes for and only 38 votes withheld [4] Group 2: Corporate Profile - TWC is the largest owner, operator, and manager of golf clubs in Canada, operating under the trademark "ClubLink One Membership More Golf," with 47 championship golf courses and 2.5 academy courses across 35 locations in Ontario, Quebec, and Florida [5]