Dominion Lending Centres Announces Block Share Repurchase

Rhea-AI Summary

Dominion Lending Centres (TSX: DLCG), a leading Canadian mortgage professional franchisor, has announced a significant share repurchase transaction. The company has acquired 709,247 class "A" common shares from a former employee at $8.75 per share, totaling approximately $6.2 million.

The shares were purchased for cancellation under Section 4.7 of National Instrument 62-104 Take-Over Bids and Issuer Bids. CEO Gary Mauris emphasized that this block purchase aligns with the company's capital allocation strategy and demonstrates their commitment to creating shareholder value through dividends and buybacks.

Positive

• Strategic repurchase of 709,247 shares at $8.75 per share, demonstrating confidence in company value
• Share cancellation will reduce outstanding shares, potentially increasing value for remaining shareholders
• Company maintains ability to return capital through both dividends and buybacks

Negative

• Significant cash outlay of $6.2 million for share repurchase

Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLC Group" or the "Corporation"), one of Canada's leading franchisors of mortgage professionals and owner of Newton Connectivity Systems, is pleased to announce that it has purchased 709,247 class "A" common shares of the Corporation for a purchase price of $6,205,911 (being $8.75 per share). The shares were acquired for cancellation from a former employee pursuant to Section 4.7 of National Instrument 62-104 Take-Over Bids and Issuer Bids.

"We are pleased to have the opportunity to purchase a sizable block of shares for cancellation. This transaction aligns with our capital allocation strategy and represents a unique opportunity to create value for our shareholders. As we move forward, we remain focused on the growth of our business while at the same time prudently returning capital to shareholders through both dividends and share buybacks," commented Gary Mauris, Chairman and CEO of DLC Group.

About Dominion Lending Centres Inc.

Dominion Lending Centres Inc. is one of Canada's leading networks of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 mortgage professionals and over 500 franchises. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.

Investor Contact:

Eddy Cocciollo President 647-403-7320 eddy@dlc.ca

James Bell EVP, Corporate and Chief Legal Officer 403-560-0821 jbell@dlcg.ca

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265946

FAQ

How many shares did Dominion Lending Centres (DLCG) repurchase in September 2025?

Dominion Lending Centres repurchased 709,247 class 'A' common shares from a former employee.

What was the total value of DLCG's September 2025 share repurchase?

The total value of the share repurchase was $6,205,911, at a price of $8.75 per share.

What is the purpose of Dominion Lending Centres' share repurchase?

The share repurchase aligns with the company's capital allocation strategy and aims to create value for shareholders through share cancellation.

How does DLCG plan to return capital to shareholders?

DLCG plans to return capital to shareholders through both dividends and share buybacks, as part of their capital allocation strategy.

Under what regulation was DLCG's share repurchase conducted?

The share repurchase was conducted under Section 4.7 of National Instrument 62-104 Take-Over Bids and Issuer Bids.