Saputo Inc. Announces the Renewal of its Normal Course Issuer Bid

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[{"type":"text","content":"Saputo Inc. Announces the Renewal of its Normal Course Issuer Bid\n\n\n\n MONTRÉAL, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (Saputo or the Company), announced today that it has received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB) to purchase up to 5% of Saputo’s issued and outstanding common shares. This NCIB reflects the Company’s continued commitment to returning capital to shareholders, while maintaining the flexibility to allocate capital for growth opportunities.\n \n\n Under the terms of the NCIB, Saputo may purchase for cancellation up to 20,498,278 common shares, representing 5% of its 409,965,571 issued and outstanding common shares as of November 7, 2025, on the open market through the TSX, alternative Canadian trading systems, or by other means as may be permitted by the applicable securities regulatory authority, including exempt offers and off-exchange block purchases. The NCIB will remain in effect for one year, beginning November 19, 2025, and will end no later than November 18, 2026. The consideration that Saputo will pay for any common shares acquired on the open market under the NCIB will be in cash at the market price of such common shares at the time of acquisition. In the case of off-exchange block purchases, purchases will be at a discount to the prevailing market price in accordance with and subject to the terms of applicable exemptive relief. Based on the average daily trading volume of 618,596 common shares during the last six months, daily purchases will be limited to 154,649 common shares. In addition, Saputo may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not owned, directly or indirectly, by insiders of the Company, in accordance with TSX rules.\n \n\n In connection with the NCIB, Saputo has established an automatic purchase plan (APP). The APP enables Saputo to provide standard instructions regarding how the common shares are to be repurchased on the open market during self-imposed blackout periods. The APP is effective as of November 19, 2025, and should terminate together with the NCIB. It constitutes an automatic plan for purposes of applicable Canadian securities legislation and has been pre-cleared by the TSX.\n \n\n Under its current NCIB that ...

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