Mr. Bradley Bourne reports
FIRAN TECHNOLOGY GROUP CORPORATION ANNOUNCES ACCEPTANCE BY TSX OF NORMAL COURSE ISSUER BID RENEWAL
The Toronto Stock Exchange has accepted Firan Technology Group Corp.'s notice of intention to make a normal course issuer bid, renewing the NCIB that expired in August, 2025. Pursuant to the NCIB, Firan is authorized to purchase through the facilities of the TSX, from time to time over the next 12 months, if considered advisable, up to an aggregate of 1,258,669 common shares of the corporation, being approximately 5 per cent of its common shares outstanding as of Sept. 16, 2025. As of Sept. 16, 2025, 25,173,390 common shares of the corporation were issued and outstanding. Purchases may commence through the TSX on Sept. 30, 2025, and will conclude on the earlier of the date on which purchases under the bid have been completed and Sept. 29, 2026.
Purchases of common shares under the NCIB will be made in accordance with TSX bylaws, rules and policies through the facilities of the TSX and/or through alternative Canadian trading systems. All common shares purchased by Firan will be cancelled. The price paid for any repurchased common shares will be the market price of such common shares at the time of acquisition. The average daily trading volume of the common shares of the corporation from the start of trading on March 1, 2025, through Aug. 31, 2025, was 47,367 common shares, and, accordingly, daily purchases will be limited to 11,841 common shares other than block purchase exemptions.
Under its previous normal course issuer bid approved by the TSX on Aug. 21, 2024, the number of common shares that could be repurchased for cancellation was 1,193,740 common shares. Firan did not purchase for cancellation any common shares under its previous normal course issuer bid. Firan's previous normal course issuer bid expired on Aug. 25, 2025.
To Firan's knowledge, none of the directors, officers or other insiders of Firan, any associate of any such persons, or any associate or affiliate of Firan currently intends to sell common shares to Firan during the course of the NCIB.
Firan believes that the proposed purchases are in the best interests of Firan and are a desirable use of corporate funds.
About Firan Technology Group Corp.
Firan is an aerospace and defence electronics product and subsystem supplier to customers around the globe. Firan has two operating units:
FTG Circuits is a manufacturer of high-technology, high-reliability printed circuit boards. Its customers are leaders in the aviation, defence and high-technology industries. FTG Circuits has operations in Toronto, Ont., Chatsworth, Calif., Fredericksburg, Va., Minnetonka, Minn., and Haverhill, Mass., and a joint venture in Tianjin, China.
FTG Aerospace designs, certifies, manufactures and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment. FTG Aerospace has operations in Toronto, Ont., Calgary, Alta., Chatsworth, Calif., and Tianjin, China.
The corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG and on the OTCQX exchange under the symbol FTGFF.
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