MTY Food Group announces renewal of normal course issuer bid

MTY Food Group (MTYFF) has been informed that the Toronto Stock Exchange has approved the renewal of MTY’s normal course issuer bid. Under the normal course issuer bid, MTY may purchase for cancellation up to 1,142,068 common shares during the period starting July 3, 2025 and ending July 2, 2026, representing approximately 5% of the 22,841,361 outstanding common shares, as at June 19, 2025. MTY will make any purchases in accordance with the rules and policies of the TSX and through the facilities of the TSX or alternative trading systems in Canada at the prevailing market prices. Under its previous NCIB, which entered into effect on July 3, 2024 and which expires on July 2, 2025, MTY was authorized to purchase 1,196,513 common shares. As of June 19, 2025, MTY repurchased 1,059,100 common shares at a weighted average price paid per security of $44.96 through the facilities of the TSX and on alternative trading systems in Canada.