#Canada #Vancouver #share buyback #West Fraser #Timber Co.

West Fraser Timber Co. Ltd. Announces Renewal of NCIB

West Fraser Timber Co. Ltd., recognized for its commitment to sustainable wood products, has recently announced its plans to renew its Normal Course Issuer Bid (NCIB) with the approval of the Toronto Stock Exchange (TSX). This renewed bid is designed to allow the company to buy back up to 3,800,917 common shares, representing about 5% of its total issued and outstanding shares as of March 10, 2026.

Starting from March 24, 2026, the NCIB allows West Fraser to repurchase shares in the open market, particularly when they are believed to be undervalued or present an appealing investment opportunity. By doing so, the company aims to return capital to its shareholders, affirming its commitment to enhancing shareholder value.

The implementation of the NCIB will not only provide West Fraser with an avenue to manage its capital effectively but also reflects the confidence the company has in its future prospects. The repurchases can be conducted through the TSX, the New York Stock Exchange, and eligible alternative trading systems in both Canada and the United States.

There are some regulatory guidelines in place regarding the number of shares that can be purchased daily under this NCIB, which is based on trading volumes over the past six months. Accordingly, the maximum number of shares that can be bought on the TSX each day is set at 51,608, determined by 25% of the average daily trading volume. Similar limitations are imposed on the NYSE, with the number of shares restricted based on the four-week trading volumes preceding any purchases.

In conjunction with the NCIB, West Fraser intends to implement an automatic purchase plan with a broker. This plan will facilitate standard purchase instructions, allowing for share repurchases during self-imposed blackout periods, demonstrating the company’s proactive approach to managing its shares strategically. Outside of these blackout periods, share purchases will be made according to management's discretion.

It is worth noting that the previous NCIB expired on March 2, 2026, during which West Fraser successfully acquired 1,286,185 shares at an average price of $73.47. Following the share buyback process, all repurchased shares will be cancelled.

West Fraser Timber Co. Ltd., operating across more than 50 facilities worldwide, is committed to sustainable practices and produces a wide range of products including lumber, engineered wood products, and pulp. The company’s operations underline their dedication to sustainability in the forestry sector while simultaneously focusing on delivering value to their stakeholders.

The renewal of this program highlights West Fraser’s strategic vision and its responsiveness to market conditions, ensuring effective capital management that bolsters investor confidence. As the NCIB progresses, it will be important for stakeholders to observe how these buybacks ultimately impact the company’s overall market performance and shareholder sentiment moving forward.

About West Fraser
West Fraser is a diversified wood products company renowned for sustainable forest practices. Producing various products, including lumber and wood chips, West Fraser's offerings cater to residential construction, industrial applications, and more. For additional details, visit their website at www.westfraser.com.

Forward-Looking Statements
This announcement includes forward-looking statements, offering insights into future purchases under the NCIB and anticipated shareholder returns. Stakeholders are advised to consider potential risks associated with future developments as outlined in the company's previous disclosures.