Winnipeg – September 16, 2026 -- Boyd Group Services Inc. (TSX: BYD) (NYSE: BGSI) has received Toronto Stock Exchange approval to repurchase up to 2,779,352 common shares, roughly 10.0% of its public float, under a new Normal Course Issuer Bid running from September 16, 2026 to September 15, 2027.
Boyd sets daily purchase cap at 27,837 shares under TSX volume rules
As of September 2, 2026, Boyd had 27,836,435 shares issued and outstanding, with 27,793,526 shares qualifying as public float under TSX calculation rules. The daily purchase limit of 27,837 shares represents 25% of the average daily trading volume over the six months preceding TSX acceptance of the bid, though block-purchase exemptions apply.
Company cites gap between share price and underlying value
Management and the Board said the market price of Boyd shares does not always reflect the company's growth profile and cash-generating capacity. The NCIB adds a capital allocation tool alongside Boyd's ongoing strategy of acquisitions and consolidation in the collision repair and auto glass sector.
Purchases will run through an automatic plan with Boyd's broker
Boyd will use an automatic purchase plan (APP) allowing its broker to execute buybacks during internal trading blackout periods or when insider trading rules would otherwise restrict the company. Trading parameters for the APP will be set by Boyd in advance, in line with TSX rules and applicable securities laws.
All purchases will occur on the open market through the TSX, NYSE, or other alternative trading platforms in Canada or the U.S., at prevailing market prices. Boyd confirmed it made no share purchases during the previous 12 months.