Mattr Corp. Announces Renewal of Normal Course Issuer Bid

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[{"type":"text","content":"Mattr Corp. Announces Renewal of Normal Course Issuer Bid\n\n\n\n TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Mattr Corp. (“\n \n Mattr\n \n ” or the “\n \n Company\n \n ”) (TSX: MATR), today announced that the Toronto Stock Exchange (the “\n \n TSX\n \n ”) has approved the Company’s notice of intention to renew its normal course issuer bid (the “\n \n NCIB\n \n ”) for common shares of the Company (the “\n \n Common Shares\n \n ”).\n \n\n Pursuant to the NCIB, the Company may purchase for cancellation up to 4,991,584 Common Shares, representing approximately 10% of the Company’s public float as at June 16, 2025. As at June 16, 2025, the Company had 61,649,707 Common Shares issued and outstanding. The NCIB will commence on June 30, 2025 and terminate one year after its commencement, or earlier if the maximum is reached or the NCIB is terminated at the option of the Company. The Company believes that using the NCIB to return capital to its shareholders will increase shareholder value and further the returns of the Company.\n \n\n All purchases pursuant to the NCIB will be made through the facilities of the TSX, or such other permitted means (including through alternative trading systems in Canada, including NEO-N, NEO-L, NEO-D, Crossing Facility, CSE, ICX, Liquidnet, CXC, CX2, CXD, Omega ATS, Lynx ATS, TSX Venture Exchange, TSX Alpha Exchange and MATCH Now (together, the “\n \n Other Exchanges\n \n ”)), at prevailing market prices or as otherwise permitted. The NCIB will be funded using existing cash resources and any Common Shares repurchased by the Company under the NCIB will be cancelled. Other than purchases made under a block purchase exemption pursuant to the rules and policies of the TSX, daily purchases on the TSX pursuant to the NCIB will be limited to 68,375 Common Shares, which represents approximately 25% of the average daily trading volume of 273,500 Common Shares of the Company for the most recently completed six calendar months preceding May 31, 2025.\n \n\n 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 the Company, subject to applicable law and the rules of the TSX and/or the rules of the Other Exchanges, if eligible, to the exte...

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