Stingray buys back $15.4M in shares from La Caisse

Stingray Group Inc. (TSX: RAY) announced it has entered into a private agreement with CDP Investissements inc., a subsidiary of La Caisse, to repurchase 1,000,000 Subordinate Voting and Variable Subordinate Voting Shares for cancellation at $15.40 per share, totaling $15.4 million.

The repurchase price represents a 5.1% discount to the closing price of Stingray shares on the Toronto Stock Exchange on June 18, 2026. The transaction will be funded using Stingray's cash on hand.

Concurrently, La Caisse will sell an additional 2,300,000 shares, representing approximately 4.2% of Stingray's issued and outstanding Subordinate Voting and Variable Subordinate Voting Shares, through a block trade underwritten by National Bank Financial and Desjardins Capital Markets. Both transactions stem from La Caisse's periodic portfolio rebalancing.

Following the transactions, La Caisse will retain close to 10% of Stingray's outstanding Subordinate Voting and Variable Subordinate Voting Shares.

The Autorité des marchés financiers granted Stingray an exemption from issuer bid requirements under applicable securities legislation for the repurchase transaction. The buyback will be conducted outside TSX facilities and will not count toward the maximum annual limit under Stingray's existing normal course issuer bid.

"This share repurchase aligns perfectly with our ongoing commitment to active capital management and maximizing value for our shareholders," said Eric Boyko, President, Co-Founder, and CEO of Stingray.

Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse, said the transaction allows La Caisse to monetize a portion of its stake while remaining a shareholder of the Montréal-based company.

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