FirstService Announces Normal Course Issuer Bid

TORONTO, Aug. 20, 2026 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FirstService of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding common shares.

The notice provides that FirstService may, during the 12 month period commencing August 26, 2026 and ending no later than August 25, 2027, purchase through the facilities of the TSX, alternative Canadian Trading Systems and/or The NASDAQ Stock Market (“NASDAQ”) up to 3,930,112 common shares in total, being 10% of the “public float” of common shares as of August 12, 2026. Purchases of common shares through NASDAQ will be made in the normal course and will not, during the twelve month period ending August 25, 2027 exceed, in the aggregate, 5% of the outstanding common shares as at the commencement of the NCIB. The price which FirstService will pay for any common shares will be the market price at the time of acquisition. During the period of this NCIB, FirstService may make purchases under the NCIB by means of open market transactions. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of FirstService. The average daily trading volume on the TSX from February 1 to July 31, 2026 was 131,849 common shares. Daily purchases on the TSX under the NCIB will be limited to 32,962 common shares, other than block purchases. Subject to certain exceptions for block purchases, the maximum number of common shares which can be purchased per day on NASDAQ will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase. All shares purchased by FirstService under the NCIB will be cancelled.

As of August 12, 2026, there were 43,669,770 common shares of FirstService outstanding, and the public float was 39,301,122 common shares.

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FirstService believes that its common shares may from time to time trade in a price range that does not adequately reflect the value of such shares in relation to the business of FirstService and its future business prospects. FirstService may purchase its common shares under the NCIB, from time to time, if it believes that the market price of its common shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of FirstService. FirstService may also purchase its common shares under the NCIB in order to mitigate the dilutive effect of stock options issued under its stock option plan.

In connection with the NCIB becoming effective, FirstService has entered into an automatic share purchase plan (“ASPP”) with a designated broker to facilitate the purchase of common shares under the NCIB, including at times when FirstService would ordinarily not be permitted to purchase its common shares due to regulatory restrictions or self-imposed blackout periods.