Thursday, August 11 2022


VICTORIA, British Columbia – (COMMERCIAL THREAD) – WeCommerce Holdings Ltd. (TSXV: WE) (“WeCommerce” or the “Company”) announced today that the TSX Venture Exchange (the “Exchange”) has accepted the Company’s notice of intention to implement a public offering normal course of business (“NCIB”).

Pursuant to the public tender offer, WeCommerce may, during the 12-month period beginning September 22, 2021 and ending September 21, 2022, purchase up to 1,989,000 common shares, or approximately 5% of the common shares. outstanding of the Company. The public tender offer ends at the earliest between September 21, 2022 and the date on which the maximum number of ordinary shares that can be purchased under the public tender offer is acquired by the company.

The actual number of common shares that may be purchased under the tender offer and the timing of any purchase will be determined by the management and board of directors of WeCommerce. The tender offer will be made through TD Securities Inc., a member of the Exchange, and made in accordance with the policies of the Exchange.

The price that the Company will pay for such common shares will be the market price at the time of acquisition. All common shares purchased under the public tender offer will be returned to the treasury for cancellation, and all such purchases will be made on the open market through the Stock Exchange or by any other means permitted by law. the applicable securities during the term of the NCIB.

The Company is implementing the issuer bid because it believes, from time to time, that the price of its common shares may not fully reflect the underlying value of the Company’s business and its prospects for the future. ‘to come up. Therefore, the Company believes that the purchase of its common shares may represent an appropriate and desirable use of Company funds and represents an opportunity to increase shareholder value.

In addition, the Company has entered into an automatic share purchase plan (the “RAPA”) with TD Securities Inc. in order to facilitate the repurchases of common shares of the Company pursuant to the public tender offer. . The ASPP aims to allow the purchase of ordinary shares as part of the public tender offer at times when the company is not normally permitted to purchase its shares due to regulatory restrictions and blackout periods. self-imposed. Under the ASPP, TD Securities Inc. is authorized to purchase up to 1,989,000 common shares. Such purchases will be determined by the broker in its sole discretion based on the purchasing parameters established by the Company in accordance with the rules of the Exchange, applicable securities laws and the terms of the ASPP. The ASPP will end on the earliest of the following dates: (i) the public loan buyback offer expires; and (ii) the Company terminates the ASPP in accordance with its terms.

A copy of the 5G form – Notice of intention to make a normal course issuer bid deposited by the Company with the Exchange may be obtained from the Company on request free of charge.

About WeCommerce Holdings Ltd. :

WeCommerce provides merchants with a suite of ecommerce software tools to start and grow their online store. Our family of companies and brands includes Pixel Union, Out of the Sandbox, Archetype, Yopify, SuppleApps, Rehash, Foursixty and Stamped. As one of the first Shopify partners since 2010, WeCommerce is focused on building, acquiring and investing in leading technology companies operating in the Shopify partner ecosystem.

To learn more about WeCommerce, please visit https://www.wecommerce.co/ or refer to the public disclosure documents available under WeCommerce’s SEDAR profile at www.sedar.com.

Caution regarding forward-looking information:

This press release contains statements that constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”), including statements regarding plans, intentions, current beliefs and expectations. of the Company with respect to future business activities and operational performance. Forward-looking statements are often identified by the words “could”, “could”, “could”, “expect” or similar expressions and includes but not limited to: statements regarding the proposed public tender offer; the acquisition of common shares under the Offer, the benefits of the Offer and statements regarding WeCommerce’s business and assets and its strategy for the future.

Such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. forward-looking statements or information, including the factors disclosed under the “Risk Factors” section of the Annual Information Form dated April 21, 2021.

Investors are cautioned that forward-looking statements are not based on historical facts but rather reflect the Company’s expectations, estimates or projections regarding future results or events based on the opinions, assumptions and estimates of management believed to be reasonable at the time. date the declarations are made. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve risks and uncertainties, and should not be relied upon unduly, as unknown or unforeseeable factors could have material adverse effects on the companies. future results, performance or achievements. the company. Among the key factors that could cause actual results to differ materially from those projected in forward-looking statements are: changes in economic, business and general policy conditions, including changes in financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulations; the risks and uncertainties associated with foreign markets. These forward-looking statements may also be affected by risks and uncertainties relating to the Company’s business and general market conditions, including COVID-19.

If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking statements prove to be incorrect, actual results could differ materially from those described in this document as being intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify risks, uncertainties and important factors that could cause actual results to differ materially, there may be others that could cause results not to be as anticipated. , estimated or anticipated and these changes could be material. The Company does not intend and assumes no obligation to update forward-looking statements, except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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