#Canada #Shareholder Value #BRP Inc. #Valcourt #Normal Course

BRP Inc. Announces Renewal of Normal Course Issuer Bid

BRP Inc. (TSX: DOO, NASDAQ: DOOO) has recently confirmed the renewal of its normal course issuer bid (NCIB) following approval from the Toronto Stock Exchange (TSX). This renewal marks a significant step in BRP's commitment to enhancing shareholder value through strategic share-buying programs.

Details of the Renewal

The renewal is set to commence on December 10, 2025, and will run until December 9, 2026. Throughout this period, BRP plans to buy back up to 3,131,256 subordinate voting shares, which is roughly 10% of the public float based on the total outstanding shares as of December 2, 2025. As of that date, 36,378,125 subordinate voting shares were issued.

This initiative will be executed via the TSX and other alternative Canadian trading systems while adhering to the stipulated regulations. The buybacks will occur through open market transactions or other methods allowed by securities regulatory authorities. Specific types of permissible purchases include pre-arranged crosses and private agreements under exemptions.

Strategic Considerations

Under the TSX guidelines, BRP is permitted to buy back a maximum of 44,267 shares daily, which represents 25% of the average daily trading volume calculated over the past six months. Additionally, the company has the option to engage in block purchases of shares, as defined by the TSX Company Manual, ensuring that the buys do not involve insiders. Once purchased, the shares will be cancelled, effectively reducing the total share count and potentially benefiting existing shareholders.

The price at which these subordinate voting shares will be acquired is determined based on the prevailing market rates at the time of the purchase, plus applicable brokerage fees. For specific transactions such as pre-arranged crosses, the purchase price may vary, particularly if negotiated private agreements are involved.

In a forward-looking step, BRP has set up an automatic share purchase plan (APP) with a designated broker. The APP will facilitate share repurchases during periods when the company usually cannot buy back shares due to regulatory restrictions or self-imposed blackout periods.

Historical Context and Future Outlook

Looking back at the previous NCIB, BRP did not conduct any share repurchases through the TSX by December 2, 2025. In the preceding year, from December 10, 2024, to December 9, 2025, the company could have bought back a total of 3,331,852 subordinate voting shares but did not proceed with any acquisitions.

The Board of Directors of BRP believes that this renewed buyback program is a judicious use of the company’s capital, aiming to boost shareholder value. The robust strategy reflects BRP's dedication to improving returns for its investors.

About BRP

BRP Inc. is a renowned global leader in the powersports sector, with over 80 years of expertise and innovation in creating top-tier products and propulsion systems. The company’s revered brands include Ski-Doo, Sea-Doo, and Can-Am, which serve enthusiasts around the world. BRP, headquartered in Quebec, Canada, recorded revenues of CA$7.8 billion from operations in more than 130 countries as of January 31, 2025. With a strong workforce of approximately 16,500 dedicated individuals, BRP is continuously working towards expanding its electric vehicle range while maintaining a commitment to exceptional riding experiences.

For more information, visit BRP's official website or follow them on social media outlets @BRPNews.