FirstService announces normal course issuer bid

FirstService (FSV) announced that the Toronto Stock Exchange has accepted a notice filed by FirstService of its intention to make a normal course issuer bid with respect to its outstanding common shares. The notice provides that FirstService may, during the 12 month period commencing August 26, 2025 and ending no later than August 25, 2026, purchase through the facilities of the TSX, alternative Canadian Trading Systems and/or The NASDAQ Stock Market up to 1,600,000 common shares in total, being 3.9% of the “public float” of common shares as of August 12, 2025. The price which FirstService will pay for any common shares will be the market price at the time of acquisition. During the period of this NCIB, FirstService may make purchases under the NCIB by means of open market transactions. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of FirstService. The average daily trading volume from February 1 to July 31, 2025 was 95,488 common shares. Daily purchases under the NCIB will be limited to 23,872 common shares, other than block purchases. All shares purchased by FirstService under the NCIB will be cancelled. As of August 12, 2025, there were 45,552,586 common shares of FirstService outstanding, and the public float was 41,181,993 common shares.