Exco Technologies Limited Announces Normal Course Issuer Bid

Rhea-AI Summary

Exco Technologies (TSX: XTC) received TSX approval for a normal course issuer bid from Feb 20, 2026 to Feb 19, 2027. The Company may repurchase up to 1,706,558 common shares (10% of the public float of 17,065,583 as of Feb 8, 2026) for cancellation.

Exco has 37,891,331 shares outstanding and may use cash and/or bank facilities to fund purchases. Prior NCIB purchases total 572,656 shares at a weighted average price of $6.62 per share as of Feb 8, 2026.

Positive

• Authorized repurchase of 1,706,558 shares (10% public float)
• Prior repurchases of 572,656 shares at $6.62 weighted average
• Repurchased shares will be cancelled, potentially increasing EPS per share

Negative

• Daily repurchase cap of 4,931 shares (25% of ADV) limits pace
• Purchases funded by cash and/or bank facilities could reduce liquidity or borrowing capacity

News Market Reaction – EXCOF

+1.87%

1 alert

+1.87% News Effect

On the day this news was published, EXCOF gained 1.87%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX: XTC) ("Exco" or the "Company") today announced that the Toronto Stock Exchange ("TSX") has approved the Company's normal course issuer bid ("NCIB"). Under the NCIB, Exco has the right to purchase for cancellation, from February 20, 2026 to February 19, 2027, a maximum of 1,706,558 common shares, representing 10% of the 17,065,583 shares forming Exco's public float as at February 8, 2026. As of February 8, 2026, Exco had 37,891,331 common shares issued and outstanding.

Any shares purchased by Exco under the NCIB will be effected through the facilities of TSX as well as on alternative Canadian trading systems, at prevailing market rates and any common shares purchased by the Company will be cancelled. The actual number of shares that may be purchased and the timing of any such purchases will be determined by Exco. Any purchases made by Exco pursuant to the NCIB will be made in accordance with the rules and policies of the TSX.

During the most recently-completed six months, the average daily trading volume for the common shares of Exco on the TSX was 19,726 shares. Consequently, under the policies of the TSX, Exco will have the right to repurchase under its NCIB, during any one trading day, a maximum of 4,931 shares, representing 25% of the average daily trading volume. In addition, Exco will be allowed to make, once per calendar week, a block purchase (as such term is defined in the TSX Company Manual) of shares not directly or indirectly owned by insiders of Exco, in accordance with the TSX policies. Exco will fund the purchases through available cash and/or bank facilities. Pursuant to a previous notice of intention to conduct a normal course issuer bid, under which Company sought and received approval from the TSX to purchase up to 1,770,513 common shares for the period of February 20, 2025 to February 19, 2026, the Company has purchased 572,656 common shares on the open market as of February 8, 2026 at a weighted average purchase price of $6.62 per common share.

Exco’s Board of Directors believes the underlying value of the Company may not be reflected in the market price of its common shares from time to time and that, at appropriate times, repurchasing its shares through the NCIB may represent a good use of Exco's financial resources, as such action can protect and enhance shareholder value when opportunities or volatility arise. Thus, the Board has determined that the NCIB is in the best interest of the Company and its shareholders.

Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries.  Through our 21 strategic locations in 9 countries, we employ approximately 4,500 people and service a diverse and broad customer base.

Source:	Exco Technologies Limited (TSX-XTC)
Contact:	Darren Kirk, President and Chief Executive Officer
Telephone:	(905) 477-3065 ext. 7233
Website:	https://www.excocorp.com

FAQ

What is Exco Technologies' NCIB period and share limit for 2026 (TSX: XTC)?

The NCIB runs from Feb 20, 2026 to Feb 19, 2027 and allows repurchase of up to 1,706,558 shares. According to the company, that equals 10% of the public float measured on Feb 8, 2026.

How many Exco (TSX: XTC) shares were outstanding and in public float as of Feb 8, 2026?

As of Feb 8, 2026 Exco had 37,891,331 shares outstanding and a public float of 17,065,583 shares. According to the company, the NCIB cap represents 10% of that public float.

How many shares can Exco (TSX: XTC) buy per trading day under TSX rules?

Under TSX rules Exco may repurchase up to 4,931 shares per trading day, equal to 25% of the six‑month average daily volume. According to the company, weekly block purchases are also permitted under TSX policies.

What repurchases has Exco (TSX: XTC) made under its prior NCIB as of Feb 8, 2026?

Under the prior NCIB the company purchased 572,656 shares at a weighted average price of $6.62 per share. According to the company, those purchases were made on the open market prior to Feb 8, 2026.

How will Exco (TSX: XTC) fund share repurchases under the 2026 NCIB?

Exco intends to fund repurchases using available cash and/or bank facilities. According to the company, funding may affect short‑term liquidity or borrowing headroom depending on the size and timing of purchases.