Business
Evertz Technologies Limited (ET) Announces TSX Approval of Normal Course Issuer Bid
Attention Business/Financial Editors: Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - ...
About this update from Evertz Technologies Limited
[{"type":"text","content":"Evertz Technologies Limited (ET) Announces TSX Approval of Normal Course Issuer BidAttention Business/Financial Editors:Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - Evertz Technologies Limited (TSX: ET) (\"Evertz\") announces that it has sought and received acceptance from the Toronto Stock Exchange (\"TSX\") to make a Normal Course Issuer Bid to purchase up to 3,774,227 of its outstanding common shares from time to time in accordance with the normal course issuer bid procedures of the TSX and applicable Canadian securities laws (the \"NCIB\"). Pursuant to the NCIB, Evertz may purchase for cancellation up to 3,774,227 of its outstanding common shares during the 12-month period commencing on December 11, 2025 and ending on December 10, 2026. The total aggregate number of common shares which Evertz may purchase pursuant to NCIB represents approximately 5% of the 75,484,550 issued and outstanding common shares of Evertz as at November 27, 2025.The price which Evertz will pay for any common shares purchased under the NCIB will be the market price at the time of such purchase. All purchases of common shares by Evertz will be made through the facilities of TSX or alternative trading systems in Canada. All purchased shares will be cancelled. Other than as otherwise permitted pursuant to once-a-week block purchases in accordance with TSX rules, Evertz may purchase up to 5,615 common shares per day, which represents approximately 25% of Evertz's average daily trading volume of 22,463 common shares for the period beginning on May 1, 2025 and ending on October 31, 2025.Evertz believes that its common shares currently trade in a price range that does not adequately reflect their underlying value based on Evertz's business and strong financial position. As a result, depending upon future price movements and other factors, Evertz believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its corporate funds. Pursuant to a previous notice of intention to conduct a NCIB, Evertz sought and received approval from the TSX to purchase up to 3,797,308 of its common shares, during the period of November 27, 2024, through to November 26, 2025. As of October 31, 2025 Evertz purchased 534,107 common shares on the open market at an average purchase price of $11.42 under the previous NCIB....