Currency Exchange Unveils New Share Buyback Initiative: CURN Charts Growth-Focused Capital Strategy

Currency Exchange International, Corp. (TSX: CXI; OTCQX: CURN) has received Toronto Stock Exchange approval to execute a renewed normal course issuer bid, authorizing the acquisition and retirement of up to 359,617 common shares—representing 10% of the company’s public float as of November 18, 2025.

Strategic Intent Behind the Buyback Move

The company’s Board of Directors and Group CEO Randolph Pinna believe the market may not be pricing in CURN’s true underlying value at present times. By selectively repurchasing shares when opportunities arise or during market volatility, the company aims to deploy its financial resources in a manner that protects and strengthens shareholder equity. This buyback represents management’s confidence in Currency Exchange’s market position and long-term prospects.

The Numbers: What CURN Investors Should Know

As of the authorization date, Currency Exchange had 6,134,120 common shares outstanding. The new buyback program runs from December 2, 2025 through December 1, 2026, subject to early termination if the full allocation is repurchased beforehand. Daily purchase limits are capped at 1,000 shares under TSX policies, reflecting average trading volumes of 3,908 shares daily over the preceding six months. The company reserves the right to execute one block purchase weekly of shares not held by insiders, in accordance with regulatory guidelines.

Execution and Funding

All repurchases will occur through open market transactions on the TSX and alternative Canadian trading venues at prevailing market rates. Retired shares will be cancelled, reducing the company’s total share count. CURN intends to fund these purchases using available cash reserves. The company has established an Automatic Securities Purchase Plan (ASPP) with its broker, pre-cleared by the TSX and effective December 2, 2025, enabling systematic purchasing within management-defined parameters.

Comparison to Previous Bid Performance

Under the previous buyback authorization (December 2024–December 1, 2025), Currency Exchange repurchased 323,500 shares at a volume-weighted average price of C$21.30 through TSX facilities and alternative Canadian platforms. This track record demonstrates the company’s disciplined approach to capital allocation, providing a reference point for evaluating the effectiveness of the new program.

About the Company’s Business Model

Currency Exchange International operates as a comprehensive foreign exchange technology and processing provider serving banks, credit unions, businesses, and consumers across North America and select international markets. The company delivers FX solutions through its proprietary CXIFX platform for wholesale clients and its OnlineFX e-commerce gateway for retail customers, complemented by physical branch networks and agent-based distribution channels.

This announcement includes forward-looking statements regarding the timing and execution of share purchases, which are subject to market conditions, regulatory requirements, and management discretion. Actual results may differ materially. For further information, contact Investor Relations at (416) 479-9547.