Caldwell Partners Announces Approval for Share Buyback Program

Caldwell Partners International Inc. has received approval from the Toronto Stock Exchange (TSX) for a normal course issuer bid to repurchase up to 2,023,669 common shares. This represents 10% of the company's public float as of late April 2026. The share buyback initiative, referred to as the "2026 Bid," is set to begin on May 6, 2026, and aims to enhance shareholder value through the purchase and cancellation of shares. Management will determine the timing of purchases based on market conditions, with transactions conducted through TSX facilities.

The decision by Caldwell's Board of Directors highlights an effort to correct perceived undervaluation in the market. Purchases will be managed by Beacon Securities Ltd. and funded from the company’s working capital. An Automatic Securities Purchase Plan has also been established to allow acquisitions during regulatory and blackout periods. The initiative follows a similar buyback in 2025, where Caldwell repurchased 150,000 shares.