Core Viewpoint - Currency Exchange International, Corp. has announced the renewal of its normal course issuer bid (NCIB) and Automatic Securities Purchase Plan (ASPP) to repurchase up to 359,617 common shares, representing 10% of its public float as of November 18, 2025 [1][2][5] Group 1: Share Buyback Program - The Toronto Stock Exchange has accepted the company's notice to renew its NCIB and ASPP, allowing for the repurchase of shares starting December 2, 2025, until December 1, 2026, or until the maximum number of shares is repurchased [1][2] - The company had 6,134,120 common shares issued and outstanding as of November 18, 2025, and will repurchase shares on the open market at prevailing market rates [2][3] - The average daily trading volume for the common shares on the TSX was 2,418, allowing the company to repurchase a maximum of 1,000 shares per trading day under the NCIB [4] Group 2: Rationale for Share Repurchase - The Group CEO and Board of Directors believe that the market price of the company's shares may not reflect its underlying value, and repurchasing shares can enhance shareholder value during periods of volatility [5] - The company previously conducted a normal course issuer bid from December 2, 2024, to December 1, 2025, repurchasing 323,500 common shares at an average price of C$21.30 [6] Group 3: Automatic Securities Purchase Plan - The company has established an ASPP with its broker to facilitate automatic purchases of shares under the NCIB, with purchases determined by the broker based on parameters set by the company [7] - The ASPP has been pre-cleared by the TSX and will be effective from December 2, 2025, with all repurchases under the ASPP counted towards the NCIB total [7] Group 4: Company Overview - Currency Exchange International, Corp. provides foreign exchange technology and processing services for banks, credit unions, businesses, and consumers, with primary products including currency exchange, wire transfer payments, and foreign cheque clearing [8][9]

Core Viewpoint - Currency Exchange International, Corp. has adopted a new shareholder rights plan to protect shareholders in the event of unsolicited takeover bids, ensuring fair treatment and allowing the Board time to explore alternatives [2][6]. Summary by Sections Shareholder Rights Plan - The Rights Plan was unanimously approved by the Board and is effective as of October 27, 2025, with one right attached to each common share outstanding as of the Effective Date [1][3]. - The Rights become exercisable if an Acquiring Person obtains 20% or more of the outstanding common shares without complying with the "Permitted Bid" provisions [3][4]. Purpose and Governance - The Rights Plan aims to ensure fair treatment of all shareholders during unsolicited takeover bids and to prevent potential acquirers from entering into lock-up agreements with existing shareholders [2][4]. - The adoption of the Rights Plan is not in response to any current takeover proposals, and the Board is not aware of any pending bids [2]. Permitted Bid Definition - A "Permitted Bid" must be made to all shareholders, remain open for 105 days, and require more than 50% of independent shareholders to tender their shares [5]. Ratification and Compliance - The Rights Plan is subject to shareholder ratification within six months of its adoption, and it must also be accepted by the Toronto Stock Exchange [6].