Mr. Richard Kellam reports
DATA COMMUNICATIONS MANAGEMENT CORP. ANNOUNCES NORMAL COURSE ISSUER BID
The Toronto Stock Exchange (TSX) has accepted a notice filed by Data Communications Management Corp. of its intention to make a normal course issuer bid (NCIB) with respect to its outstanding common shares.
The notice provides that the company may, during the 12-month period commencing June 12, 2025, and ending no later than June 11, 2026, purchase, through the facilities of the TSX, up to 4,220,210 common shares, being approximately 10 per cent of the public float (as such term is defined in the policies of the TSX) of such common shares as at May 31, 2025.
The daily average trading volume (ADTV) of the common shares for the six calendar months ended May 31, 2025, calculated in accordance with the rules of the TSX for purposes of the NCIB, was 47,421 common shares. Daily purchases will be limited to 25 per cent of the ADTV, or up to 11,855 common shares, other than block purchase exemptions in accordance with TSX rules.
During the period of the NCIB, purchases will be made on the open market by the company through facilities of the TSX and any other exchange or alternative trading system in Canada, in accordance with the rules and policies of the TSX. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of the company. The company has appointed Clarus Securities Inc. as its broker to conduct the NCIB transactions.
The price that the company will pay for any such common shares will be the market price of such common shares on the TSX at the time of acquisition. Common shares purchased under the bid will be cancelled. As at May 31, 2025, 55,308,951 common shares were outstanding.
Prior to commencing purchases under the NCIB, Data Communications also intends to establish an automatic share purchase plan under which its designated broker will purchase common shares within a defined set of criteria.
The company believes that the market price of common shares is such that their purchase from time to time would be an appropriate use of corporate funds in light of potential benefits to remaining shareholders.
In addition to purchases under the NCIB, the company may, from time to time, make other purchases of the common shares in accordance with applicable securities laws and rules of the TSX.
About Data Communications Management Corp.
Data Communications is a leading, Canadian, technology-enabled provider of print and digital solutions that help simplify complex marketing communications and operations workflow. Data Communications serves over 2,500 clients, including 70 of the 100 largest Canadian corporations and leading government agencies. The company's core strength lies in delivering individualized services to its clients that simplify their communications, including customized printing, highly personalized marketing communications, campaign management, digital signage and digital asset management. From omnichannel marketing campaigns to large-scale print and digital workflows, Data Communications' goal is to make complex tasks surprisingly simple, allowing its clients to focus on what they do best.
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