FirstService Increases Share Repurchase Program

FirstService announced an amendment to its normal course issuer bid (NCIB), increasing the maximum number of common shares it may repurchase from 1.6 million to 4.1 million, representing 10% of its public float. This Amended NCIB, approved by the Toronto Stock Exchange, became effective on June 4, 2026, and will run until August 25, 2026. As of May 31, 2026, FirstService had already repurchased 931,182 common shares for cancellation at an average price of US$132.38 per share, totaling US$123.3 million. The repurchases will occur on the Toronto Stock Exchange, alternative Canadian Trading Systems, and Nasdaq-100. Additionally, FirstService entered into an automatic share purchase plan (ASPP) with a designated broker to facilitate purchases during regulatory restrictions or blackout periods, also effective June 4, 2026.