Bombardier to Commence New Share Repurchase Program in April 2026

Bombardier Inc. announced that its new normal course issuer bid (NCIB) program is set to commence on April 15, 2026, and will conclude on April 14, 2027. The Toronto Stock Exchange (TSX) has approved the program, allowing Bombardier to repurchase up to 605,435 of its Class A shares and 4,327,859 of its Class B subordinate voting shares. These amounts represent approximately 5% of the issued and outstanding shares of each class.

The repurchased shares will be either cancelled to mitigate the dilutive effect of stock options and other share-based incentive plans, or used to satisfy the company's obligations under these plans. Some shares may also be cancelled to manage Bombardier's capital position and enhance shareholder value.

Bombardier believes that purchasing shares at prevailing market prices is an effective strategy for managing its incentive plans and providing flexibility in capital management. Decisions regarding the timing and specific classes of shares to be purchased will depend on various factors, including market conditions and share prices.

The repurchases will take place on the facilities of the TSX, alternative Canadian trading systems, or through exempt offers, private agreements, or block purchases. Purchases on the open market will be made at the current market price. Bombardier retains discretion over whether to proceed with purchases and will determine the timing, volume, and price, subject to regulatory requirements.