CALGARY, AB, Dec. 16, 2025/ CNW/ – Pason Systems Inc. (” Pason”) (TSX: PSI) (OTC: PSYTF) is delighted to reveal that the Toronto Stock Market (” TSX”) has actually accepted Pason’s Notification of Intent to begin a regular course company quote (” 2026 NCIB”). The 2026 NCIB efficiently restores the existing typical course company quote, which began on December 20, 2024 and is arranged to end on December 19, 2025 (” 2025 NCIB”). The 2026 NCIB will begin on December 20, 2025 and will end on December 19, 2026 or such earlier time as the 2026 NCIB is finished or ended at the choice of Pason.
Under the 2025 NCIB, Pason had actually gotten approval from the TSX to buy for cancellation approximately an optimum of 7,135,070 typical shares of Pason (” Typical Shares”), representing around 10% of the general public float of Typical Shares exceptional as at December 11, 2024 Since December 8, 2025, Pason had actually redeemed and cancelled 1,690,200 Typical Shares under the 2025 NCIB through centers of the TSX and/or other Canadian designated exchanges and Canadian alternative trading systems (” Other Markets”) for $ 20.8 million, at a typical purchase rate of around $ 12.28 per share.
Under the 2026 NCIB, Pason might buy for cancellation, from time to time, as Pason thinks about a good idea, approximately an optimum of 6,944,596 Typical Shares, which represents 10% of the general public float of 69,445,963 Typical Shares as at December 8, 2025 Purchases of Typical Shares will be made on the free market through the centers of the TSX and/or Other Markets. Pason will pay the dominating market value of the Typical Shares on the TSX at the time of any purchases made by Pason. The real variety of Typical Shares that might be acquired for cancellation and the timing of any such purchases will be identified by Pason, based on an optimal everyday purchase restriction of 48,622 Typical Shares which corresponds to 25% of Pason’s typical everyday trading volume for the 6 months ended November 30, 2025 (being 194,488 Typical Shares). As allowed by the TSX guidelines, Pason might likewise make one block purchase per calendar week which goes beyond the everyday purchase limitation. As at December 8, 2025, there were 77,903,871 Typical Shares provided and exceptional.
Simultaneously with the beginning of the 2026 NCIB, Pason means to participate in an automated purchase strategy with a broker, licensing the broker to buy Typical Shares on Pason’s behalf throughout trading blackout durations, as specified by Pason’s expert trading policy.
Goes back to investors stay a fundamental part of Pason’s capital allotment technique. Pason continues to see the share redeemed program as a reliable and versatile system to supply investor returns in time.
Forward Looking Info
Specific declarations consisted of herein make up “positive declarations” and/or “positive info” under appropriate securities laws (jointly described as “positive declarations”). Forward‐looking declarations can normally be determined by the words “prepare for”, “anticipate”, “think”, “might”, “might”, “ought to”, “will”, “price quote”, “task”, “mean”, “strategy”, “outlook”, “projection” or expressions of a comparable nature recommending a future result or outlook.
In specific, forward looking info and declarations consist of, however are not restricted to the financing of purchases under the NCIB and the going into in to of an automated securities purchase strategy and benefits of the NCIB. These positive declarations show the existing views of Pason with regard to future occasions and running efficiency since the date of this file. They undergo recognized and unidentified dangers, unpredictabilities, presumptions, and other elements that might trigger real outcomes to be materially various from outcomes that are revealed or suggested by such positive declarations.
Although our company believe that any positive declarations made in this file are affordable based upon the info offered on the date such declarations are made and procedures utilized to prepare the info, such declarations are not warranties of future efficiency and readers are warned versus positioning unnecessary dependence on positive declarations. By their nature, these declarations include a range of presumptions, understood and unidentified dangers and unpredictabilities and other elements, which might trigger real outcomes, levels of activity and accomplishments to vary materially from those revealed or suggested by such declarations. These dangers, unpredictabilities and presumptions consist of however are not restricted to those gone over in Pason’s Yearly Info Type for the year ended December 31, 2024 under the heading, “Danger and Unpredictability,” in our management’s conversation and analysis for the year ended December 31, 2024, and in our other filings with Canadian securities regulators. These files are on file with the Canadian securities regulative authorities and might be accessed through the SEDAR site (www.sedar.com) or through Pason’s site (www.pason.com).
Any positive declarations consisted of in this file are specifically certified by this cautionary declaration. Other than to the degree needed by appropriate law, Pason presumes no responsibility to openly upgrade or modify any positive declarations made in this file or otherwise, whether as an outcome of brand-new info, future occasions or otherwise.
Pason Systems Inc.
Pason is a leading worldwide supplier of specialized information management systems for drilling rigs. Our services, that include information acquisition, wellsite reporting, remote interactions, web-based info management, and analytics, make it possible for cooperation in between the rig and the workplace. Through Intelligent Wellhead Systems Inc. (” IWS”), we likewise supply crafted controls, information acquisition, and software application, to automate workflows and procedures for oil and gas well conclusions operations, enhancing wellsite security and performance. Through Energy Toolbase Software Application, Inc. (” ETB”), we likewise supply services and products for the solar energy and energy storage market. ETB’s services make it possible for task designers to design, control and display economics and efficiency of solar power and storage jobs.
Pason’s typical shares trade on the Toronto Stock Market under the sign PSI. To find out more about Pason Systems Inc., visit our site at www.pason.com or get in touch with investorrelations@pason.com.
Extra info on dangers and unpredictabilities and other elements that might impact Pason’s operations or monetary outcomes are consisted of in Pason’s reports on file with the Canadian securities regulative authorities and might be accessed through the SEDAR+ site ( www.sedarplus.ca) or through Pason’s site ( www.pason.com).
SOURCE Pason Systems Inc.