Core Viewpoint - CAE Inc. has received regulatory approval to renew its normal course issuer bid (NCIB) to repurchase up to 16,019,294 common shares, representing approximately 5% of its issued and outstanding shares, from June 10, 2025, to June 9, 2026 [1]. Group 1: NCIB Details - The repurchases will be conducted through the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), adhering to their respective rules and applicable securities laws [2]. - RBC Dominion Securities Inc. has been designated as CAE's broker for the NCIB, and an automatic repurchase plan agreement (ARPA) has been established to facilitate purchases during regulatory black-out periods [3]. - CAE's average daily trading volume (ADTV) over the last six months was 733,845 shares, allowing for a maximum daily repurchase of 183,461 shares under TSX rules [5]. Group 2: Previous NCIB Performance - Under the previous NCIB, which ran from May 30, 2024, to May 29, 2025, CAE purchased 856,230 shares at an average price of $24.85, totaling $21.3 million [7]. - All shares repurchased under the NCIB will be cancelled, reducing the total number of outstanding shares [6]. Group 3: Strategic Intent - The NCIB is part of CAE's capital allocation strategy, aimed at enhancing shareholder value through share repurchases [8].

Core Viewpoint - CAE Inc. has announced the appointment of Matthew Bromberg as President and CEO, effective August 13, 2025, marking a significant leadership transition for the company [1][3][4] Leadership Changes - Matthew Bromberg will lead CAE's strategic growth and evolution, and he will also be nominated for election to the Board at the upcoming Annual and Special Meeting of Shareholders [1][3] - Calin Rovinescu will serve as Executive Chairman of the Board, while Sophie Brochu will be the Lead Independent Director, emphasizing CAE's commitment to strong governance [2][10] Transition Plan - The transition plan for Mr. Bromberg's appointment has been approved by CAE's Board of Directors and will take effect after the 2025 Annual and Special Meeting of Shareholders [3][10] - Mr. Bromberg will join CAE on June 16, 2025, to work closely with outgoing President and CEO Marc Parent during the transition [3] Leadership Experience - Mr. Bromberg has extensive experience in aerospace and defense, having previously led Global Operations for Northrop Grumman and held senior positions at RTX Corp. and Pratt & Whitney [6][7] - His educational background includes an MBA and a Master of Mechanical Engineering from MIT, along with a Bachelor of Arts in Physics from UC Berkeley [8] Governance and Strategic Focus - Mr. Rovinescu, as Executive Chairman, will collaborate with Mr. Bromberg on strategic initiatives and ensure effective Board functioning [11] - Ms. Brochu's role as Lead Independent Director will enhance CAE's governance practices and oversight [13][14] Company Overview - CAE is a global leader in training solutions for civil aviation and defense, with approximately 13,000 employees across 240 sites in over 40 countries [15] - The company focuses on innovation, operational excellence, and sustainability, aiming to enhance safety and mission readiness in aviation and defense sectors [15]