OpenText boosts share repurchase authorization by $150M to $450M; sets up automatic purchase plan

OPEN TEXT CORP

Fiscal 2025 NCIB increased from $300M to $450M, a 50% hike; max shares unchanged at 21.2M.
Automatic share purchase plan (ASPP) effective March 14, 2025, enables repurchases during blackout periods.
Since NCIB start (Aug 2024), OpenText bought ~8.9M shares for ~$258M.
CEO cites confidence in strong margins, cash flows, and long-term shareholder value.

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