Computer Modelling Group Secures Exemptive Relief for Share Buyback Bid

CALGARY, Alberta, Sept. 16, 2026 /CourierPR/ -- Computer Modelling Group Ltd. (CMG) has secured a significant regulatory approval that will streamline its ongoing substantial issuer bid (SIB) to purchase up to C$20 million worth of its common shares. The Alberta Securities Commission has granted an exemptive relief order, allowing CMG to deviate from certain standard requirements, including extension take-up, proportionate take-up, and related disclosure obligations.

The SIB, which is being conducted through a modified Dutch auction, offers shareholders three tendering options: 1. Auction Tender: Shareholders can tender a specified number of shares at a price within the range of C$4.00 to C$4.50 in increments of C$0.10. 2. Purchase Price Tender: Shareholders can agree to have a specified number of shares purchased at a price determined by the auction process. 3. Proportionate Tender: Shareholders can tender all their shares, with CMG purchasing a number that maintains their proportional ownership.

Upon the SIB's expiry on September 21, 2026, CMG will determine the lowest price per share, not exceeding C$4.50, that will enable it to purchase all tendered shares. The total purchase price will be constrained by the Auction Tender Limit Amount, which is calculated based on the number of shares tendered proportionately.

CMG has engaged National Bank Financial Inc. as its financial advisor and dealer manager, and Olympia Trust Company as the depositary for the SIB. Shareholders are encouraged to review the Offer Documents, which are available on CMG’s SEDAR+ profile at www.sedarplus.ca.

The SIB is not conditional on a minimum number of shares being tendered. However, it is subject to other conditions, including the approval of the board of directors and compliance with applicable securities laws. CMG retains the right to terminate the SIB or vary its terms, including extending the bid beyond the expiration date, provided it complies with relevant regulations.

The company’s board of directors has approved the SIB, but it strongly urges shareholders to carefully review the Offer Documents and consult with their financial, legal, and tax advisors before making any decisions regarding their participation in the SIB.

This move by CMG is part of its broader strategy to manage its capital structure and enhance shareholder value. The company will continue to monitor the tender process and will provide further updates if the SIB is extended.