CAE Inc. Successfully Renewed Normal Course Issuer Bid for Common Shares

CAE Inc. Announces Continuation of Normal Course Issuer Bid

In a significant move for investors, CAE Inc. (NYSE: CAE, TSX: CAE) has recently announced the renewal of its normal course issuer bid (NCIB). This renewal, effective from June 10, 2026, to June 9, 2027, has received the necessary regulatory approval, allowing the company to repurchase up to 16,073,033 of its common shares. This represents approximately five percent of CAE's common shares outstanding as of May 29, 2026.

The NCIB is a strategic initiative designed to enhance shareholder value, a decision strongly supported by CAE's Board of Directors. The directors believe that buying back shares will be beneficial for the company and its investors. As of the latest count, CAE had approximately 321,460,674 common shares issued and outstanding. This repurchase program aims to buy back shares based on market conditions, with consideration for timing and pricing dictated by management discretion.

Purchases will be conducted through the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) following the respective policies and regulations of each exchange. Alternatives will also be explored, including block purchases of common shares off-exchange at favorable market prices. TD Securities Inc. will manage these purchases under the NCIB and has set up an automatic repurchase plan (ARP), allowing for share buybacks even during blackout periods when typical purchasing activities are restricted.

Under this ARP, CAE is not obligated to buy shares but has the option to instruct TD Securities to proceed with purchases based on pre-established parameters. This automatically approved plan will be effective as of the NCIB start date and will last until certain conditions are met, including the expiration of the NCIB or when it reaches its repurchase limit.

The past NCIB, which concluded on June 9, 2026, saw CAE buy back a total of 565,259 common shares at an average price of $35.44, totaling about $20 million in investments aimed at reinforcing the company’s market position. CAE is positioned to potentially buy back more shares than before, depending on share performance and trading volume metrics—averaging around 944,026 common shares per day according to the latest trading data.

This renewal aligns with CAE's overarching commitment to capital allocation and strategic growth, underscoring its robust position in the market. CAE has continually focused on enhancing operational efficiency and sustaining shareholder interest, evident through its technological innovations and strategic maneuvers in the industry.

The management team remains optimistic about the favorable impact of the NCIB on overall company performance and share price, showcasing CAE's strategic foresight in a competitive landscape. Investor confidence is expected to grow as CAE moves forward with this initiative, reflecting its dedication to maximizing shareholder value while adapting to dynamic market conditions.

Overall, CAE's renewal of its NCIB represents a proactive strategy to bolster its capital structure and investor confidence amidst evolving market challenges. As one of the leading firms in the field, CAE continues to prioritize its stakeholders and carve out strategic pathways for future growth in an ever-competitive environment.

About CAE

For nearly 80 years, CAE has been dedicated to making the world safer. Specializing in developing advanced training, simulation, and operational solutions, the company plays a crucial role in preparing individuals in aviation and defense. operational efficiency, sustainability, and safety are deeply embedded in CAE’s philosophy to ensure the highest level of excellence across all services provided. With locations in over 40 countries, CAE is a trusted partner for many in achieving optimal performance when it matters most.