Haivision Moves Forward with Renewal of Its Normal Course Issuer Bid for Share Buyback

Haivision's Strategic Decision: Renewal of Normal Course Issuer Bid

In a significant move towards shareholder value enhancement, Haivision Systems Inc. has recently announced the renewal of its normal course issuer bid (NCIB), receiving the green light from the Toronto Stock Exchange (TSX). This initiative, aimed at repurchasing shares, reflects the company’s commitment to ensuring that the market value of its shares is more aligned with their actual worth.

Haivision, a global leader in mission-critical real-time video networking and visual collaboration solutions, believes that at certain times, the trading price of its common shares does not fully mirror their intrinsic value. The renewal of the NCIB is seen as an opportunity to buy back shares that the management perceives are undervalued, thereby enhancing the overall value for its shareholders.

Under the renewed NCIB, Haivision is authorized to repurchase up to 1,833,212 shares, which constitutes 10% of its public float as calculated on January 26, 2026. As of that date, the company had issued a total of 27,464,406 shares, making this repurchase a substantial and strategic decision to invest in its own equity. The buying spree is scheduled to commence on February 4, 2026, and will continue until the earlier of the maximum allowable purchase or February 3, 2027.

This plan is part of a broader stock management strategy. Over the previous NCIB, which concluded January 28, 2026, Haivision acquired 976,732 shares at an average price of $4.45 each, further exemplifying its commitment to enhancing shareholder value. The average daily trading volume of the shares during the previous six months amounted to 11,453, allowing the company to purchase up to 2,863 shares on any trading day without exceeding TSX regulations. Any shares bought will be subsequently cancelled, reducing the total share count and effectively boosting the ownership stakes of remaining shareholders.

Moreover, Haivision has established an Automatic Share Purchase Plan (ASPP) in conjunction with this NCIB. This plan allows shares to be purchased during periods when the company would typically refrain from trading, ensuring that investment in shares can continue without interruption. Transactions under the ASPP will be executed at the discretion of the designated broker, adhering to the purchasing parameters established under TSX guidelines.

The NCIB's renewal comes on the heels of the previous one, signaling Haivision's tactical approach to optimizing its capital structure. The company identifies this buyback as a proactive way to boost the stock price and create shareholder value in a market that may not always appreciate the company’s fundamentals.

However, the company has also cautioned potential investors that there is no certainty regarding how many shares will ultimately be repurchased. Such forward-looking statements depend on various factors, including market conditions and operational performance, which are subject to change.

Haivision’s commitment to delivering high-quality, reliable video solutions has earned it accolades, including four Emmys® for Technology and Engineering. Founded in 2004 and headquartered in Montreal and Chicago, the company has positioned itself at the forefront of IP video transformation. With offices worldwide and a thriving client base, Haivision continues to innovate and enhance collaboration through its connected cloud and intelligent edge technologies, catering to a global clientele.

In conclusion, the renewal of Haivision's NCIB is an astute strategy that not only recognizes current market conditions but also focuses on actively managing its shares to provide tangible benefits to its shareholders and stabilize its equity. As the market awaits the implementation of these plans, stakeholders are encouraged to stay tuned for further updates on Haivision’s ongoing commitment to creating shareholder value.