Extendicare Announces Renewal of Normal Course Issuer Bid

MARKHAM, Ontario, June 26, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced today that the Toronto Stock Exchange (the “TSX”) has approved the renewal of Extendicare’s normal course issuer bid (“NCIB”). Under the terms of the NCIB, the Company may purchase for cancellation up to 7,159,997 of its common shares (the “Common Shares”), representing 10% of its public float of issued and outstanding Common Shares. As at June 18, 2024, there were 83,466,978 Common Shares issued and outstanding and the public float was 71,599,973 Common Shares, calculated in accordance with the rules of the TSX.

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