Pivotree Announces New Share Repurchase Program

Toronto-based Pivotree Inc. has received approval from the TSX Venture Exchange for a new normal course issuer bid (NCIB). Under this program, Pivotree may repurchase up to 2,030,724 common shares, totaling 10% of shares held by public shareholders. The NCIB starts on September 3, 2025, and will conclude once the full share amount is repurchased, or by September 2, 2026.

Purchases are capped at 2% of issued shares per 30-day period. Pivotree's management believes that the market doesn't fully reflect the company's value, making this buyback a strategic use of resources to enhance shareholder value. Funding comes from existing working capital.

National Bank Financial Inc. will act as the broker for this initiative. As with the prior NCIB, all repurchased shares will be canceled. No current insiders plan to sell shares during this program.