Stingray Group Inc. Receives Approval for Share Repurchase Program

Stingray Group Inc. received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 4,420,643 subordinate voting and variable subordinate voting shares. This amount represents approximately 10% of the company's public float as of September 14, 2026.

The repurchase program is scheduled to run for twelve months, starting September 27, 2026, and concluding by September 26, 2027. Stingray intends to execute these buybacks on the open market via the Toronto Stock Exchange and other alternative Canadian trading systems, with all repurchased shares slated for cancellation.

To maintain operations during regulatory or self-imposed blackout periods, the company established an automatic securities purchase plan with a designated broker. Prior to this renewal, Stingray had repurchased 606,326 shares under its previous program at a weighted average price of $13.83 per share.