Mr. Adam Polka reports
TECSYS ANNOUNCES RENEWAL OF ITS NORMAL COURSE ISSUER BID
The Toronto Stock Exchange has approved the renewal of TECSYS Inc.'s normal course issuer bid.
TECSYS believes that the market value of its common shares may not always fully reflect the full value of the company, and, in such circumstances, purchases under the NCIB may represent an appropriate and desirable use of its available funds. Such purchases will increase the proportional share interest of those shareholders who retain their shares. Any purchases made by TECSYS under the NCIB will be made by TECSYS at the prevailing market price at the time of acquisition, plus brokerage fees, through the facilities of the TSX and other designated exchanges and/or alternative Canadian trading systems.
Pursuant to the NCIB, during the 12-month period commencing Sept. 20, 2025, and ending Sept. 19, 2026, TECSYS intends to purchase up to 500,000 shares, which represent 3.4 per cent of its 14,814,835 issued and outstanding shares as of Sept. 9, 2025. Under the NCIB, other than purchases made under block purchase exemptions, TECSYS may purchase up to 2,378 shares on the TSX during any trading day, which represent 25 per cent of 9,514, being the average daily trading volume for the six months ended Aug. 31, 2025, excluding shares purchased under the NCIB during that time. Any shares purchased under the NCIB will be cancelled.
Share repurchases made pursuant to the company's NCIB will be predicated upon maintaining a strong balance sheet, performance of the business, and the availability and attractiveness of alternative capital investment opportunities. The actual number of shares purchased under the NCIB, the timing of the purchases and the price at which the shares are acquired will depend upon a variety of factors, including future market conditions.
TECSYS has established an automatic securities purchase plan with a designated broker, which will allow for the purchase for cancellation of shares under the NCIB, subject to certain trading limits, by its designated broker during times when TECSYS would ordinarily not be active in the market due to applicable regulatory restrictions or self-imposed blackout periods. Outside of these periods, the shares will be repurchased by TECSYS at its discretion under the NCIB.
Under its prior normal course issuer bid, which commenced on Sept. 20, 2024, and ends Sept. 19, 2025, the company sought and received approval from the TSX to purchase up to 500,000 common shares. The company purchased 148,614 common shares under the prior NCIB through Sept. 15, 2025, at a weighted-average price of $40.49 per common share through the facilities of the TSX and other designated exchanges and/or alternative Canadian trading systems.
About TECSYS Inc.
TECSYS is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including health care, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia low-code application platform, TECSYS's offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use, and order management solutions. TECSYS provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable. TECSYS is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS.
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