Colliers International announces normal course issuer bid

Colliers International (CIGI) Group announced that the Toronto Stock Exchange has accepted a notice of its intention to make a normal course issuer bid with respect to its outstanding subordinate voting shares. The notice provides that Colliers may, during the twelve month period commencing May 9, 2025 and ending no later than May 8, 2026, purchase through the facilities of the TSX, alternative Canadian Trading Systems or The NASDAQ Stock Market up to 4,300,000 Subordinate Voting Shares in total, being approximately 10% of the 43,457,718 shares comprising the “public float” as of April 30, 2025 of such class of shares. Purchases of Subordinate Voting Shares through Nasdaq will be made in the normal course and will not, during the twelve month period ending May 8, 2026 exceed, in the aggregate, 5% of the outstanding Subordinate Voting Shares as at the commencement of the NCIB. The price which Colliers will pay for any such shares will be the market price at the time of acquisition. During the period of this NCIB, Colliers may make purchases under the NCIB by means of open market transactions or otherwise as permitted by the Ontario Securities Commission, Canadian Securities Administrators and/or Nasdaq. The actual number of Subordinate Voting Shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management. The average daily trading volume on the TSX from November 1, 2024 to April 30, 2025 was 55,111 Subordinate Voting Shares. Daily purchases under the NCIB will be limited to 13,777 Subordinate Voting Shares, other than block purchases. All shares purchased under the NCIB will be cancelled. As of May 7, 2025, there were 49,297,832 Subordinate Voting Shares and 1,325,694 multiple voting shares outstanding. Colliers may purchase its Subordinate Voting Shares, from time to time, if it believes that the market price of its Subordinate Voting Shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of Colliers. Colliers’ previous NCIB authorized the purchase of up to 4,000,000 Subordinate Voting Shares and expired on July 19, 2024. Colliers did not purchase any Subordinate Voting Shares pursuant to this previous NCIB.