Altus Group Announces Exemptive Relief from the Ontario Securities Commission in connection with its Substantial Issuer Bid

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[{"type":"text","content":"Altus Group Announces Exemptive Relief from the Ontario Securities Commission in connection with its Substantial Issuer Bid\n\n\n\n TORONTO , Dec. 15, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (“\n \n Altus Group\n \n ” or the “\n \n Company\n \n ”) (TSX: AIF), a leading provider of commercial real estate (“\n \n CRE\n \n ”) intelligence, announced today that, in connection with its ongoing substantial issuer bid (the “\n \n SIB\n \n ”) to purchase for cancellation up to C$350,000,000 in value of its common shares (the “\n \n Shares\n \n ”), the Ontario Securities Commission (the “\n \n OSC\n \n ”), as Altus Group’s principal regulator, has granted an exemptive relief order exempting Altus Group from complying with certain extension take up, proportionate take up and related disclosure requirements.\n \n\n The SIB is being made by way of a “modified Dutch auction”, allowing shareholders who choose to participate in the SIB to tender Shares in three ways:\n \n\n\n by making an auction tender pursuant to which they agree to tender a specified number of Shares to Altus Group at a specified price per Share (an “\n \n Auction Price\n \n ”) within a price range of C$50.00 (the “\n \n Minimum Purchase Price\n \n ”) and C$57.00 in increments of C$0.25 per Share (an “\n \n Auction Tender\n \n ”);\n \n\n by making a purchase price tender, pursuant to which they do not specify a price per Share, but rather agree to have a specified number of Shares purchased at the Purchase Price (as defined below) to be determined by the Auction Tenders (a “\n \n Purchase Price Tender\n \n ”); or\n \n\n by making a proportionate tender, pursuant to which they tender all of the Shares they hold, at the Purchase Price to be determined pursuant to the SIB, on the basis that Altus Group will only purchase such number of Shares so tendered that will result in the shareholders maintaining their proportionate Share ownership in Altus Group following the completion of the SIB (a “\n \n Proportionate Tender\n \n ”).\n \n\n\n\n Upon expiry of the SIB, Altus Group will determine the lowest price per Share (which will not be more than C$57.00 per Share and not less than C$50.00 per Share) tha...

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