Mr. Duncan McCready reports

IC GROUP HOLDINGS INC. ANNOUNCES LEADERSHIP REALIGNMENT TO SUPPORT STRATEGIC PRIORITIES AND RELATED RESTRUCTURING CHARGE

IC Group Holdings Inc. has executed a leadership realignment designed to strengthen execution against its strategic priorities, improve organizational efficiency and support the company's next phase of growth.

As part of this realignment, Marc Caron, chief operating officer, will be departing from the company and has resigned as a director. In addition, other non-officer positions have been eliminated. The changes are effective immediately.

"As IC Group enters its next phase of growth, we are aligning our leadership structure to sharpen execution and deliver sustainable, long-term value," said Duncan McCready, chief executive officer. "These changes are intended to simplify decision-making, enhance accountability, improve cross-functional alignment and ensure our resources are focused on the areas that will drive the greatest value for customers, employees and shareholders. We are grateful to Marc and all affected team members for their contributions and dedication to IC Group and wish them continued success."

As a result of these decisions, the company expects to record a restructuring charge of approximately $1.0-million in the fourth quarter of fiscal 2026, consisting primarily of severance and related employee transition costs. Annual savings from the elimination of these positions are estimated to be approximately $900,000. The restructuring charge is expected to be paid over the next 14 months.

About IC Group Holdings Inc.

IC Group is a consumer engagement company driving commerce and data for global brands and professional sports teams across live events, digital ecosystems, and mobile channels. Operating at the intersection of marketing, technology and commerce, the company simplifies the complexities of modern consumer engagement for customers on a global scale.

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