Finance
CALGARY, Alberta, Sept. 11, 2026 (GLOBE NEWSWIRE)– Maxim Power Corp. (“MAXIMor the”Corporation) (TSX: MXG) revealed today that it has actually gotten approval from the Toronto Stock Exchange (“TSX) to continue with a regular course provider quote (“NCIB). Under the NCIB, the Corporation might buy for cancellation as much as 3,173,127 typical shares of the Corporation (the”Shares). As at September 2, 2026, MAXIM had actually 63,462,546 Shares provided and exceptional. The NCIB represents roughly 5% of MAXIM’s provided and impressive Shares as at September 2, 2026. The real variety of Shares that might be bought for cancellation under the NCIB and the timing of any such purchases will be figured out by MAXIM, based on an optimal day-to-day purchase restriction of 2,389 Shares, which corresponds to 25% of MAXIM’s typical day-to-day trading volume of 9,557 Shares for the 6 months ended August 31, 2026. The Corporation might make one block purchase per calendar week which goes beyond the day-to-day repurchase constraints.
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The NCIB will start on September 16, 2026 and might continue to September 15, 2027 or such earlier time as the NCIB is finished or ended at the alternative of MAXIM. The Shares will be bought on behalf of the Corporation by a signed up broker through the centers of the TSX and/or alternative Canadian trading systems at the dominating market value at the time of such deal. Purchases under the NCIB will be made in accordance with the requirements of the TSX.
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In connection with the NCIB, MAXIM means to participate in an automated share purchase strategy (the”ASPP) efficient September 16, 2026 with its designated broker to permit the purchase of Shares under the NCIB sometimes when MAXIM generally would not be active in the market due to internal trading black-out durations. Before the start of any specific internal trading black-out duration, MAXIM may, however is not needed to, advise its designated broker to make purchases of Shares under the NCIB throughout the taking place black-out duration in accordance with the regards to the ASPP. Such purchases will be identified by the broker in its sole discretion based upon specifications developed by MAXIM prior to start of the relevant black-out duration in accordance with the regards to the ASPP and relevant TSX guidelines. Beyond these black-out durations, Shares will be buyable by MAXIM at its discretion under the NCIB.
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Management of the Corporation thinks that, from time to time, the marketplace cost of the Shares might not totally show the hidden worth of the Shares which at such times the purchase of Shares would remain in the very best interests of investors. As an outcome of such purchases, the variety of released Shares will be reduced and, as a result, the in proportion share interest of all staying investors will be increased on a professional rata basis.
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The NCIB follows the expiration of MAXIM’s previous typical course provider quote, under which MAXIM had approval from the TSX to buy as much as 3,182,528 Shares, and which worked from September 16, 2025 and ends on September 15, 2026. As at August 31, 2026, under MAXIM’s previous typical course provider quote, MAXIM finished the purchase of 306,425 Shares on the TSX and specific alternative trading systems at a weighted typical rate of $4.42 per share.
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About MAXIM
Based in Calgary, Alberta, MAXIM is among Canada’s biggest really independent power manufacturers. MAXIM is now focused completely on power tasks in Alberta. Its core possession– the 300 MW H.R. Milner Plant, Milner 2, in Grande Cache, AB– is a cutting edge combined cycle gas-fired power plant that commissioned in Q4, 2023. MAXIM continues to check out extra advancement alternatives in Alberta including its presently allowed gas-fired generation job and the allowing of its wind power generation task. MAXIM trades on the TSX under the sign “MXG”. To learn more about MAXIM, visit our site at www.maximpowercorp.com. For more details please contact:
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