EQB Renewed Normal Course Issuer Bid and Automatic Purchase Plan

EQB Inc. has announced the renewal of its Normal Course Issuer Bid (NCIB), receiving approval from the Toronto Stock Exchange (TSX) for an additional twelve-month period. The renewed NCIB will take effect on January 6, 2026, and will continue until January 5, 2027, unless completed earlier. Under this program, the company plans to repurchase up to 2,215,794 common shares, which represents approximately 10% of its public float as of December 23, 2025.

The repurchase strategy allows EQB to buy back a maximum of 31,372 common shares each trading day, adhering to the TSX’s block purchase exception and based on an average daily trading volume of 125,488 shares from June 1, 2025, to November 30, 2025. All transactions will be executed through the TSX and other Canadian trading systems, following relevant regulations. Shares acquired through the NCIB will be cancelled, reinforcing the company’s commitment to enhancing shareholder value.

In conjunction with the NCIB renewal, EQB has obtained TSX approval to implement an Automatic Securities Purchase Plan (ASPP). This plan facilitates share repurchases during periods when trading may be restricted, ensuring that the company can continue to manage its share capital effectively within regulatory frameworks.

The Board of Directors of EQB authorized the NCIB renewal, believing that the current market price of its common shares does not accurately reflect their intrinsic value. Share repurchases are viewed as a prudent use of capital, aligning with EQB’s overall capital management strategy. In the previous NCIB, the company successfully repurchased 1,424,863 common shares at a weighted-average price of approximately CAD 94.37, totaling about CAD 134,481,704 in cash considerations.

As of December 23, 2025, EQB had 37,293,085 common shares issued and outstanding, with a public float of 22,157,942 shares.

About EQB Inc.

EQB Inc. is recognized as a prominent digital financial services provider, managing approximately CAD 138 billion in combined assets as of October 31, 2025. The company operates through its wholly owned subsidiary, Equitable Bank, which ranks as Canada’s seventh-largest bank by assets. It also offers wealth management services through ACM Advisors, specializing in alternative assets.

As Canada’s Challenger BankTM, Equitable Bank strives to transform the Canadian banking landscape to enhance the lives of its customers. Leveraging advanced technology, the bank delivers exceptional personal and commercial banking experiences to nearly 780,000 customers and over six million credit union members. EQ Bank, its digital platform, has consistently been recognized as one of Canada’s top banks on the Forbes World’s Best Banks list since 2021.

For more information, visit eqb.investorroom.com or connect with EQB on LinkedIn.

Forward-Looking Statements

This announcement contains forward-looking statements regarding EQB’s objectives, strategies, financial performance expectations, and the anticipated impact of the NCIB and ASPP. These statements include terms such as “plans,” “expects,” and “anticipates.”

Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected, including changes in market conditions, regulatory developments, and fluctuations in interest rates. Stakeholders are advised to avoid placing undue reliance on these statements, and EQB does not undertake to update any forward-looking information unless required by applicable securities laws.