16:58:01 EDT Tue 01 Sep 2026
Enter Symbol
or Name
USA
CA



Pivotree Inc
Symbol PVT
Shares Issued 26,311,639
Close 2026-08-31 C$ 1.15
Market Cap C$ 30,258,385
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Pivotree arranges buyback of up to two million shares

2026-09-01 11:49 ET - News Release

Mr. Mo Ashoor reports

PIVOTREE ANNOUNCES NORMAL COURSE ISSUER BID FOR COMMON SHARES

Pivotree Inc. has received TSX Venture Exchange approval for a normal course issuer bid (NCIB) through the facilities of the TSX-V permitting the company to repurchase, for cancellation, up to 2,009,509 common shares of the company, representing 10 per cent of the number of common shares of the company held by public shareholders (as that term is defined in the policies of the TSX-V).

The NCIB will commence on Sept. 3, 2026, and will terminate on the earlier of: (i) the company purchasing 2,009,509 common shares; (ii) the company providing notice of termination of the NCIB; and (iii) Sept. 2, 2027. Under the NCIB, the company may not acquire more than 2 per cent of its issued and outstanding common shares in any 30-day period. The company had previously received an approval from the TSX-V and has been running an NCIB, which expires on Sept. 2, 2026.

The company believes that, from time to time, the market price of its common shares does not adequately reflect the company's underlying value and future prospects and that, at such times, the purchase of the company's common shares represents an appropriate use of the company's financial resources and will enhance shareholder value. The financing for any purchases pursuant to the NCIB will be from the working capital of the company.

The company will continue its existing engagement with National Bank Financial Inc. to act as its broker for the NCIB, including through an automatic securities purchase plan (ASPP) entered into between the company and National Bank in connection with the NCIB. The NCIB will be made through the facilities of the TSX-V and Canadian alternative trading systems, and the purchase and payment for the common shares will be made in accordance with TSX-V requirements at the market price of the common shares at the time of acquisition, plus brokerage fees, if any, charged by National Bank. All common shares purchased by the company under the NCIB will be cancelled.

To the company's knowledge, none of the directors, senior officers or insiders of the company, or any associate of such person, or any associate or affiliate of the company, has any present intention to sell any common shares to the company during the course of the NCIB. Under the previously approved NCIB, as of the date of this announcement, the company has purchased 466,000 shares from the facilities of the TSX-V. A copy of the Form 5G, Notice of Intention to make a Normal Course Issuer Bid, filed by the company with the TSX-V can be obtained from the company upon request without charge.

About Pivotree Inc.

Pivotree, a leader in frictionless commerce, strategizes, designs, builds and manages digital commerce, data management and supply chain solutions for over 150 major retailers and branded manufacturers globally. With a portfolio of digital products as well as managed and professional services, Pivotree provides businesses of all sizes with true end-to-end solutions. Headquartered in Toronto, Canada, with offices and customers in the Americas, EMEA (Europe, the Middle East and Africa) and Asia Pacific, Pivotree is widely recognized for its partnership with top brands across industries.

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