The Toronto Stock Exchange reports that Mullen Group Ltd.'s 5.75 per cent convertible unsecured subordinated debentures will be halted at the open and delisted at the close on Dec. 1, 2025. According to the TSX, the company will redeem the debentures on Dec. 1, 2025, for $1,028.75 per $1,000 principal amount of debentures, representing $1,000 principal amount and $28.75 for accrued and unpaid interest thereon to, but excluding, the redemption date. As the debentures trade in the book entry system of CDS, beneficial holders of debentures need not take any action in order to receive the redemption price.

The TSX reports that the holders of the debentures have the option, at any time before 5 p.m. Calgary time on Nov. 21, 2025, to convert their debentures into common shares of the company at $13.56 per share. This conversion price represents a conversion rate of approximately 73.7464 shares per $1,000 principal amount of debentures. Buyers of debentures who wish to exercise their conversion right should make their purchases sufficiently in advance of the deadline indicated in the relevant CDS bulletin to allow adequate time for settlement. Trades on Nov. 28, 2025, will settle on the same day.

For more information, see the company's news release dated Oct. 21, 2025.