Pivotree Announces Normal Course Issuer Bid For Common Shares

Rhea-AI Summary

Pivotree (TSXV:PVT) has received TSX Venture Exchange approval for a new normal course issuer bid (NCIB) to repurchase up to 2,030,724 common shares, representing 10% of shares held by public shareholders. The NCIB will run from September 3, 2025 to September 2, 2026, with a limit of 2% of issued shares per 30-day period.

The company will continue working with National Bank Financial as its broker for the NCIB. Under its previous NCIB which expired on August 7th, 2025, Pivotree purchased 92,800 shares. The company believes its share price occasionally undervalues its prospects and views buybacks as an appropriate use of working capital to enhance shareholder value.

Positive

• Authorization to repurchase up to 2,030,724 shares (10% of public float)
• Company demonstrates confidence in its value and future prospects through buyback program
• Flexibility in timing and amount of purchases up to 2% per 30-day period
• Program funded through working capital, indicating strong cash position

Negative

• Buyback reduces cash available for operations or growth initiatives
• Previous NCIB only resulted in 92,800 shares purchased, showing limited execution

TORONTO, ONTARIO / ACCESS Newswire / September 2, 2025 / Pivotree Inc. (TSXV:PVT) ("Pivotree" or the "Company"), a leader in frictionless commerce solutions, announced today that it has received TSX Venture Exchange ("TSXV") approval for a normal course issuer bid (the "NCIB") through the facilities of the TSXV permitting the Company to repurchase, for cancellation, up to 2,030,724 common shares of the Company, representing 10% of the number of common shares of the Company held by "Public Shareholders" (as that term is defined in the policies of the TSXV).

The NCIB will commence on September 3, 2025 and will terminate on the earlier of (i) the Company purchasing 2,030,724 common shares, (ii) the Company providing notice of termination of the NCIB, and (iii) September 2, 2026. Under the NCIB, the Company may not acquire more than 2% of its issued and outstanding common shares in any 30-day period. The Company had previously received an approval from the TSXV and has been running an NCIB, which expired on August 7th, 2025.

The Company believes that, from time to time, the market price of its common shares does not adequately reflect the Company's underlying value and future prospects and that, at such times, the purchase of the Company's common shares represents an appropriate use of the Company's financial resources and will enhance shareholder value. The funding for any purchases pursuant to the NCIB will be from the working capital of the Company.

The Company will continue its existing engagement with National Bank Financial Inc. ("National Bank") to act as its broker for the NCIB. The NCIB will be made through the facilities of the TSXV and the purchase and payment for the common shares will be made in accordance with TSXV requirements at the market price of the common shares at the time of acquisition, plus brokerage fees, if any, charged by National Bank. All common shares purchased by the Company under the NCIB will be cancelled.

To the Company's knowledge, none of the directors, senior officers or insiders of the Company, or any associate of such person, or any associate or affiliate of the Company, has any present intention to sell any common shares to the Company during the course of the NCIB. Under the previously approved NCIB, the Company has purchased 92,800 shares from the facilities of the TSXV. A copy of the Form 5G - Notice of Intention to make a Normal Course Issuer Bid filed by the Company with the TSXV can be obtained from the Company upon request without charge.

About Pivotree
Pivotree, a leader in frictionless commerce, strategizes, designs, builds, and manages digital Commerce, Data Management, and Supply Chain solutions for over 150 major retailers and branded manufacturers globally. With a portfolio of digital products as well as managed and professional services, Pivotree provides businesses of all sizes with true end-to-end solutions. Headquartered in Toronto, Canada, with offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized for its partnership with top brands across industries. For more information, visit www.pivotree.com or follow us on LinkedIn.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Mo Ashoor, Chief Financial Officer
investor@pivotree.com
613-714-4702

SOURCE: Pivotree

View the original press release on ACCESS Newswire

FAQ

How many shares can Pivotree (TSXV:PVT) repurchase under its new NCIB program?

Pivotree can repurchase up to 2,030,724 common shares, representing 10% of shares held by public shareholders.

When does Pivotree's new share buyback program start and end?

The NCIB program runs from September 3, 2025 to September 2, 2026, unless the maximum share amount is reached earlier.

What is the maximum amount of shares Pivotree can buy in a 30-day period?

Pivotree cannot acquire more than 2% of its issued and outstanding common shares in any 30-day period.

How many shares did Pivotree purchase under its previous NCIB program?

Under its previous NCIB program, Pivotree purchased 92,800 shares through the TSX Venture Exchange.

Who is executing Pivotree's share buyback program?

National Bank Financial Inc. will continue to act as Pivotree's broker for executing the NCIB program.