Menē Inc. Initiates Normal Course Issuer Bid

Menē Inc. has announced the launch of a normal course issuer bid program, approved by TSXV, allowing the company to repurchase up to 7,544,143 Class B subordinate voting shares. Representing approximately 5% of its issued and outstanding shares, this move is intended to reflect the true value of the company's business, according to its management.

The issuer bid will begin on October 1, 2026, and is set to conclude by September 30, 2027, unless the maximum shares are purchased sooner. Transactions are to be facilitated through Canaccord Genuity Corp., adhering to TSXV rules and applicable securities laws. While the company plans to proceed with repurchases, it reserves the right to adjust or terminate the bid as conditions dictate.

The company has not repurchased any shares in the past year, indicating careful consideration of its market strategy. All shares acquired will be canceled, aiming to optimize shareholder value by adjusting the share count.