Enterprise Group Announces Renewal of Normal Course Issuer Bid

Rhea-AI Summary

Enterprise Group (TSX:ETOLF) renewed a normal course issuer bid authorizing purchases of up to 5,754,150 shares, equal to 10% of its public float, effective April 2, 2026 through April 1, 2027.

The company reported 81,893,776 shares outstanding (March 20, 2026), a six‑month average daily volume of 144,747 shares, and a daily repurchase limit of 36,186 shares. Shares bought will be cancelled; the company previously repurchased 1,266,500 shares at an average price of $1.31.

Positive

• Buyback authorization of 5,754,150 shares (10% of public float)
• Previously repurchased 1,266,500 shares at a weighted average price of $1.31
• Repurchased shares will be cancelled, reducing outstanding share count if purchases occur

Negative

• Daily repurchase limit capped at 36,186 shares (25% of average daily volume), which may slow execution
• Program duration extends to April 1, 2027, delaying full buyback impact on per‑share metrics

St. Albert, Alberta--(Newsfile Corp. - March 30, 2026) - Enterprise Group, Inc. (TSX: E) ("Enterprise" or the "Company") announces that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding common shares of the Company ("Shares") on the open market in accordance with the rules of the TSX.

The Company is authorized to purchase up to 5,754,150 Shares under the normal course issuer bid, representing 10% of its public float, as of March 20, 2026. As of that date, there were 81,893,776 Shares issued and outstanding. The average daily trading volume of the Shares for the six months ended February 28, 2026, calculated in accordance with the rules of the TSX, was 144,747 Shares. Enterprise is subject to a daily repurchase limit of 25% of such volume, being 36,186 Shares, except where such purchases are made in accordance with the block purchase exemption under TSX rules.

Enterprise intends to commence the normal course issuer bid effective April 2, 2026 and continue the bid until April 1, 2027 or such earlier time as the bid is completed or terminated at the option of the Company. All Shares purchased under this bid will be purchased in the open market through the facilities of the TSX or alternative Canadian trading systems at the prevailing market price at the time of such transaction. Shares acquired under the bid will be cancelled. During the past 12 months (to March 20, 2026), the Company has purchased an aggregate of 1,266,500 Shares (of a maximum of 5,624,649) at a weighted average price of $1.31 per Share.

Enterprise's Board of Directors has authorized the normal course issuer bid as it is believed that the purchase of the Shares pursuant to the normal course issuer bid is in the best interest of shareholders as the Shares may become available at prices that make an attractive investment and appropriate use of the Company's funds.

About Enterprise Group, Inc.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedarplus.ca.

For questions or additional information, please contact:
Leonard Jaroszuk: Chairman & CEO, or
Desmond O'Kell: President & Director
contact@enterprisegrp.ca
780-418-4400

Forward-Looking Information

This news release may contain certain forward-looking information, as defined under applicable Canadian securities legislation, that is not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. In particular, this news release includes forward-looking information relating to the Company's intention to purchase Shares pursuant to the normal course issuer bid, the number of Shares to be purchased, the timing of such purchases and the impact of such purchases on the value of the remaining Shares. Actual results, events or developments could be materially different from those expressed or implied by these forward-looking statements. There is no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including those discussed in the Company's Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedarplus.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290447

FAQ

What does Enterprise Group (TSX:ETOLF) authorize in the March 30, 2026 normal course issuer bid?

The company authorized purchases of up to 5,754,150 shares, equal to 10% of its public float. According to the company, this renewal runs from April 2, 2026 to April 1, 2027 and shares will be cancelled.

How many Enterprise Group shares were outstanding and what was the six‑month average volume as of March 20, 2026?

There were 81,893,776 shares outstanding and a six‑month average daily volume of 144,747 shares. According to the company, these figures determine the buyback size and daily limits.

What daily limits apply to Enterprise Group (TSX:ETOLF) repurchases under the NCIB?

Repurchases are limited to 25% of average daily volume, equal to 36,186 shares per day. According to the company, block purchase exemptions may allow larger trades when applicable.

How many shares has Enterprise Group already repurchased in the past 12 months and at what price?

The company repurchased an aggregate of 1,266,500 shares at a weighted average price of $1.31 per share. According to the company, these prior purchases were under the previous NCIB authorization.

How will Enterprise Group's repurchased shares be treated and what is the expected shareholder impact?

Shares acquired under the bid will be cancelled, reducing the share count and potentially increasing per‑share metrics. According to the company, cancellations are intended to be an appropriate use of funds.