{"success":true,"data":{"pressRelease":{"id":"119306","rtpr_id":"nGNX90p5fH","ticker":"CMG","exchange":"TSX","all_tickers":["CMG"],"title":"Computer Modelling Group Ltd. Announces Commencement of Previously Announced Substantial Issuer Bid","author":"Globe Newswire","published_at":"2026-08-14T12:00:00.107Z","article_body":"CALGARY, Alberta, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Computer Modelling Group\nLtd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce the\nformal commencement of the previously announced substantial issuer bid (the\n“Offer”) under which the Company is offering to repurchase for\ncancellation up to C$20,000,000 of its outstanding common shares (the\n“Shares”) by way of a \"modified Dutch auction\" that includes the ability\nfor shareholders to participate via a proportionate tender, subject to the\nreceipt of the necessary exemptive relief under applicable securities laws.\nThe Offer commences on the date hereof and will expire on September 21, 2026,\nunless extended, varied or withdrawn. Further details regarding the Offer can\nbe found in the Company’s press release of August 11, 2026.\n\nThe Board of Directors of CMG believes that the purchase of Shares is in the\nbest interests of the Company and its shareholders. Given CMG’s strong cash\nflow profile and balance sheet, the Offer enables the Company to increase the\npace and scale of repurchases in a disciplined manner, while maintaining\nflexibility to fund strategic growth priorities. The Company considers that\nthe Shares are trading at a meaningful discount to intrinsic value. The Offer\nis expected to be accretive to remaining shareholders of CMG by increasing\neach continuing shareholder’s proportional ownership in the Company at a\nprice below the Company’s assessment of long-term value. This decision is\nunderpinned by confidence in the durability and quality of the Company’s\nrecurring revenue base, margin profile and free cash flow generation, as well\nas by the view that the market is not fully reflecting those fundamentals. The\nOffer is also enabled by the Company’s strong liquidity position, including\naccess to an essentially undrawn $100 million credit facility, while\nmaintaining the capacity to fund its organic growth initiatives.\n\nImportantly, the Offer is intended to complement – not replace – the\nCompany’s long-term capital allocation strategy, which continues to\nprioritize disciplined merger and acquisition alongside organic investment as\ndrivers of long-term compounding growth. The acquisition pipeline remains\nactive, but the Company will continue to be selective on price and expected\nreturns. Finally, having completed the prior normal course issuer bid and\nbeing unable to renew it until November 2026, the Offer provides a timely and\nefficient mechanism to return capital now while preserving full financial\nflexibility to pursue strategic acquisitions that diversify and strengthen the\nbusiness over the long term.\n\nAs of the date hereof, to the knowledge of the Company after reasonable\ninquiry, none of the Company's directors or officers and none of the persons\nthat are known to the Company to beneficially own, control or direct, directly\nor indirectly, more than 10% of the voting rights attached to the Shares (on a\nnon-diluted basis) intend to tender their Shares to the Offer.\n\nThe offer to purchase, issuer bid circular, letter of transmittal, notice of\nguaranteed delivery and other related documents (collectively, the \"Offer\nDocuments”) have been filed with the applicable securities regulators and\nwere mailed to shareholders on August 14, 2026. The Offer Documents are also\navailable free of charge under the Company’s SEDAR+ profile at\nwww.sedarplus.ca. Shareholders should carefully read the Offer Documents prior\nto making a decision with respect to the Offer.\n\nThis press release is for informational purposes only and does not constitute\nan offer to buy or the solicitation of an offer to sell the Shares. The\nsolicitation and the offer to buy the Shares is being made only pursuant to\nthe Offer Documents, which will contain full details of the Offer.\n\nForward-Looking Information\n\nCertain information in this press release may constitute \"forward-looking\ninformation\" within the meaning of applicable securities legislation. All\ninformation contained in this press release, other than statements of current\nand historical fact, is forward-looking information. Such forward-looking\ninformation includes, but is not limited to, the Company’s expectations\nregarding accretion, its expectations regarding future performance, plans and\nallocation strategy and the intentions of the insiders of the Company to\ntender Shares to the Offer. This forward-looking information is identified by\nthe use of terms and phrases such as “will”, “expect”, “intend”,\n“believe”, “continue”, and “strategy” and similar terminology,\nalthough not all forward-looking information contains these terms and phrases.\nThe forward-looking information reflects management’s current expectations\nand beliefs regarding future events and operating performance and is based on\ninformation currently available to management. Forward-looking information is\nnecessarily based on a number of opinions, estimates, and assumptions that the\nCompany considered appropriate and reasonable as of the date such statements\nare made. Although the forward-looking information contained herein is based\nupon what the Company believes are reasonable assumptions, actual results may\nvary from the forward-looking information contained herein. Certain\nassumptions made in preparing the forward-looking information contained herein\ninclude, without limitation: the Company’s future growth, cash flow\ngeneration, results of operations, trends in software licence sales,\ndevelopment plans and the status of the Company’s software development\nprojects, future capital and other expenditures (including the amount, nature\nand sources of funding thereof), availability of government grants,\ncompetitive advantages, plans for and results of research and development\nactivity, the availability of qualified personnel and general business\nstrategies, prospects and opportunities. Additional assumptions include\nreceipt of all requisite approvals and exemptions in connection with the\nOffer; favourable market conditions; and the absence of changes to applicable\nlaws, regulations or policies affecting issuer bids. Inherent in the\nforward-looking information are known and unknown risks, uncertainties and\nother factors that could cause actual results, performance or achievements, or\nindustry results, to differ materially from any results, performance or\nachievements expressed or implied by such forward-looking information. Details\nof these risks are described in the Company’s annual publicly filed\ndocuments, including the Annual Information Form for the year ended March 31,\n2026 (which are available on the Company’s profile on SEDAR+ at\nwww.sedarplus.ca). The forward-looking information contained herein is current\nas of the date hereof and, except as required under applicable law, the\nCompany does not undertake to update or revise it to reflect new events or\ncircumstances. Additionally, the Company undertakes no obligation to comment\non analyses, expectations or statements made by third parties in respect of\nCMG, its financial or operating results, or its securities.\n\nAbout CMG\n\nCMG (TSX: CMG) is a global software and consulting company that combines\nscience and technology with deep industry expertise to solve complex\nsubsurface and surface challenges for the energy industry around the world.\nCMG is headquartered in Calgary, AB, with offices globally. For more\ninformation, visit www.cmgl.ca.\n\nFor investor inquiries, please contact:\n\nKim MacEachern\nDirector, Investor Relations\ncmg-investors@cmgl.ca.\n\nFor media inquiries, please contact: marketing@cmgl.ca.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fee12fea-c1c6-4bc9-bcca-cc997cc15c41)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX90p5fH","title":"Computer Modelling Group Ltd. Announces Commencement of Previously Announced Substantial Issuer Bid","author":"Globe Newswire","ticker":"CMG","created":"2026-08-14T12:00:00.107Z","tickers":["CMG"],"exchange":"TSX","article_body":"CALGARY, Alberta, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Computer Modelling Group\nLtd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce the\nformal commencement of the previously announced substantial issuer bid (the\n“Offer”) under which the Company is offering to repurchase for\ncancellation up to C$20,000,000 of its outstanding common shares (the\n“Shares”) by way of a \"modified Dutch auction\" that includes the ability\nfor shareholders to participate via a proportionate tender, subject to the\nreceipt of the necessary exemptive relief under applicable securities laws.\nThe Offer commences on the date hereof and will expire on September 21, 2026,\nunless extended, varied or withdrawn. Further details regarding the Offer can\nbe found in the Company’s press release of August 11, 2026.\n\nThe Board of Directors of CMG believes that the purchase of Shares is in the\nbest interests of the Company and its shareholders. Given CMG’s strong cash\nflow profile and balance sheet, the Offer enables the Company to increase the\npace and scale of repurchases in a disciplined manner, while maintaining\nflexibility to fund strategic growth priorities. The Company considers that\nthe Shares are trading at a meaningful discount to intrinsic value. The Offer\nis expected to be accretive to remaining shareholders of CMG by increasing\neach continuing shareholder’s proportional ownership in the Company at a\nprice below the Company’s assessment of long-term value. This decision is\nunderpinned by confidence in the durability and quality of the Company’s\nrecurring revenue base, margin profile and free cash flow generation, as well\nas by the view that the market is not fully reflecting those fundamentals. The\nOffer is also enabled by the Company’s strong liquidity position, including\naccess to an essentially undrawn $100 million credit facility, while\nmaintaining the capacity to fund its organic growth initiatives.\n\nImportantly, the Offer is intended to complement – not replace – the\nCompany’s long-term capital allocation strategy, which continues to\nprioritize disciplined merger and acquisition alongside organic investment as\ndrivers of long-term compounding growth. The acquisition pipeline remains\nactive, but the Company will continue to be selective on price and expected\nreturns. Finally, having completed the prior normal course issuer bid and\nbeing unable to renew it until November 2026, the Offer provides a timely and\nefficient mechanism to return capital now while preserving full financial\nflexibility to pursue strategic acquisitions that diversify and strengthen the\nbusiness over the long term.\n\nAs of the date hereof, to the knowledge of the Company after reasonable\ninquiry, none of the Company's directors or officers and none of the persons\nthat are known to the Company to beneficially own, control or direct, directly\nor indirectly, more than 10% of the voting rights attached to the Shares (on a\nnon-diluted basis) intend to tender their Shares to the Offer.\n\nThe offer to purchase, issuer bid circular, letter of transmittal, notice of\nguaranteed delivery and other related documents (collectively, the \"Offer\nDocuments”) have been filed with the applicable securities regulators and\nwere mailed to shareholders on August 14, 2026. The Offer Documents are also\navailable free of charge under the Company’s SEDAR+ profile at\nwww.sedarplus.ca. Shareholders should carefully read the Offer Documents prior\nto making a decision with respect to the Offer.\n\nThis press release is for informational purposes only and does not constitute\nan offer to buy or the solicitation of an offer to sell the Shares. The\nsolicitation and the offer to buy the Shares is being made only pursuant to\nthe Offer Documents, which will contain full details of the Offer.\n\nForward-Looking Information\n\nCertain information in this press release may constitute \"forward-looking\ninformation\" within the meaning of applicable securities legislation. All\ninformation contained in this press release, other than statements of current\nand historical fact, is forward-looking information. Such forward-looking\ninformation includes, but is not limited to, the Company’s expectations\nregarding accretion, its expectations regarding future performance, plans and\nallocation strategy and the intentions of the insiders of the Company to\ntender Shares to the Offer. This forward-looking information is identified by\nthe use of terms and phrases such as “will”, “expect”, “intend”,\n“believe”, “continue”, and “strategy” and similar terminology,\nalthough not all forward-looking information contains these terms and phrases.\nThe forward-looking information reflects management’s current expectations\nand beliefs regarding future events and operating performance and is based on\ninformation currently available to management. Forward-looking information is\nnecessarily based on a number of opinions, estimates, and assumptions that the\nCompany considered appropriate and reasonable as of the date such statements\nare made. Although the forward-looking information contained herein is based\nupon what the Company believes are reasonable assumptions, actual results may\nvary from the forward-looking information contained herein. Certain\nassumptions made in preparing the forward-looking information contained herein\ninclude, without limitation: the Company’s future growth, cash flow\ngeneration, results of operations, trends in software licence sales,\ndevelopment plans and the status of the Company’s software development\nprojects, future capital and other expenditures (including the amount, nature\nand sources of funding thereof), availability of government grants,\ncompetitive advantages, plans for and results of research and development\nactivity, the availability of qualified personnel and general business\nstrategies, prospects and opportunities. Additional assumptions include\nreceipt of all requisite approvals and exemptions in connection with the\nOffer; favourable market conditions; and the absence of changes to applicable\nlaws, regulations or policies affecting issuer bids. Inherent in the\nforward-looking information are known and unknown risks, uncertainties and\nother factors that could cause actual results, performance or achievements, or\nindustry results, to differ materially from any results, performance or\nachievements expressed or implied by such forward-looking information. Details\nof these risks are described in the Company’s annual publicly filed\ndocuments, including the Annual Information Form for the year ended March 31,\n2026 (which are available on the Company’s profile on SEDAR+ at\nwww.sedarplus.ca). The forward-looking information contained herein is current\nas of the date hereof and, except as required under applicable law, the\nCompany does not undertake to update or revise it to reflect new events or\ncircumstances. Additionally, the Company undertakes no obligation to comment\non analyses, expectations or statements made by third parties in respect of\nCMG, its financial or operating results, or its securities.\n\nAbout CMG\n\nCMG (TSX: CMG) is a global software and consulting company that combines\nscience and technology with deep industry expertise to solve complex\nsubsurface and surface challenges for the energy industry around the world.\nCMG is headquartered in Calgary, AB, with offices globally. For more\ninformation, visit www.cmgl.ca.\n\nFor investor inquiries, please contact:\n\nKim MacEachern\nDirector, Investor Relations\ncmg-investors@cmgl.ca.\n\nFor media inquiries, please contact: marketing@cmgl.ca.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fee12fea-c1c6-4bc9-bcca-cc997cc15c41)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-14T12:00:00.231595204Z","server_sent_at_ms":1786708800231},"received_at":"2026-08-14T12:00:00.378Z","source_url":"https://www.globenewswire.com/news-release/2026/08/14/3345279/0/en/computer-modelling-group-ltd-announces-commencement-of-previously-announced-substantial-issuer-bid.html"},"analysis":{"id":"108294","press_release_id":"119306","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"buyback","narrative":"Computer Modelling Group commenced a modified Dutch auction substantial issuer bid to repurchase up to C$20 million of its common shares for cancellation.\n\nThe Board stated that the shares are trading at a discount to intrinsic value, citing strong cash flow generation and an undrawn $100 million credit facility as support for the repurchase.\n\nDirectors, officers, and 10% holders do not intend to tender shares, and the bid complements the company's ongoing strategy to pursue disciplined mergers and acquisitions.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Dutch auction buyback signals management conviction that shares are undervalued."},"keyFigures":{"customDimensions":{"buyback_amount_cad":20000000,"undrawn_credit_facility_usd":100000000}},"quotedText":"The Offer is expected to be accretive to remaining shareholders of CMG by increasing each continuing shareholder’s proportional ownership in the Company at a price below the Company’s assessment of long-term value.","namedEntities":{"people":[{"name":"Kim MacEachern","role":"Director, Investor Relations"}],"products":[],"companies":[{"name":"Computer Modelling Group Ltd.","ticker":"CMG"}],"dollarAmounts":[{"amount":"C$20,000,000","context":"maximum amount for substantial issuer bid"},{"amount":"$100 million","context":"undrawn credit facility"}]},"materialImpact":{"score":3,"reasoning":"Management is authorizing a material capital return via a substantial issuer bid, signaling that shares trade below intrinsic value. While impactful for shareholders, the event was previously announced and represents a continuation of capital allocation strategy rather than a new operational shift."},"tickerRelevance":{"others":[],"primary":"CMG"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"substantial_buyback","sectorWeight":"software"}},"event_type":"buyback","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Computer Modelling Group commenced a modified Dutch auction substantial issuer bid to repurchase up to C$20 million of its common shares for cancellation.\n\nThe Board stated that the shares are trading at a discount to intrinsic value, citing strong cash flow generation and an undrawn $100 million credit facility as support for the repurchase.\n\nDirectors, officers, and 10% holders do not intend to tender shares, and the bid complements the company's ongoing strategy to pursue disciplined mergers and acquisitions.","key_figures":{"customDimensions":{"buyback_amount_cad":20000000,"undrawn_credit_facility_usd":100000000}},"named_entities":{"people":[{"name":"Kim MacEachern","role":"Director, Investor Relations"}],"products":[],"companies":[{"name":"Computer Modelling Group Ltd.","ticker":"CMG"}],"dollarAmounts":[{"amount":"C$20,000,000","context":"maximum amount for substantial issuer bid"},{"amount":"$100 million","context":"undrawn credit facility"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-14T12:40:34.000Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"substantial_buyback","sectorWeight":"software"}},"durationMs":227009,"modelName":"glm-4.7"}}