Foraco International Announces Planned Share Sales

About this update from Foraco International Sa

Toronto, Ontario and Marseille, France--(Newsfile Corp. - June 15, 2026) - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), a leading global provider of mineral and water drilling services, announces today that it has been advised by the Company's founders, Daniel Simoncini and Jean-Pierre Charmensat, that each of Daniel Simoncini and Jean-Pierre Charmensat have completed sales of Foraco ordinary shares ("Ordinary Shares") as part of their long-term personal and estate planning. Tim Bremner, Chief Executive Officer of Foraco, said: "Foraco is operating with a strong leadership team and clear priorities. Daniel and Jean-Pierre built this Company with a long-term mindset and they are managing their personal affairs with that same diligence while remaining supportive of Foraco and its ongoing success." Daniel Simoncini said, "Tim and the leadership group have the experience and values to keep building, and I will be cheering them on as a shareholder." Jean-Pierre Charmensat added, "I remain fully committed to Foraco's long-term success and I expect to remain a significant shareholder." On December 3, 2025, Mr. Simoncini disposed beneficial ownership of 1,000,000 Ordinary Shares for aggregate consideration of $2,300,000 ($2.30 per Ordinary Share) through the facilities of the Toronto Stock Exchange. Subsequently, on June 12, 2026, Mr. Simoncini disposed beneficial ownership of 2,000,000 Ordinary Shares for aggregate consideration of $6,040,000 ($3.02 per Ordinary Share) through the facilities of the Toronto Stock Exchange (collectively, with the December 3, 2025 dispositions, the "Simoncini Transactions"). Immediately prior to the Simoncini Transactions, Mr. Simoncini owned or controlled, directly or indirectly, 13,571,225 Ordinary Shares, representing 13.67% of the issued and outstanding Ordinary Shares. Following the Simoncini Transactions, Mr. Simoncini owned or controlled, indirectly, 10,571,225 Ordinary Shares, representing 10.65 % of the issued and outstanding Ordinary Shares, representing a change of 3.02% in Mr. Simoncini's shareholdings in Foraco. All of the Ordinary Shares controlled by Mr. Simoncini are owned by Financière Berlaimont SARL, an entity controlled by Mr. Simoncini. Mr. Simoncini will use the proceeds from the Simoncini Transactions for pers...

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