Reklaim Ltd. Announces Normal Course Issuer Bid to Protect Shareholder Value Amid Growing Demand for Consumer Data Privacy Solutions

NEW YORK, Sept 30th, 2024 - Reklaim Ltd., (TSXV: MYID) (OTC: MYIDF) ("Reklaim"), the destination where consumers can view, edit, add, and option their data to brands and platforms for direct compensation, announces it has received approval from the TSX Venture Exchange (“TSXV”) to implement, at the Company’s discretion, a normal course issuer bid (“NCIB”) to purchase up to 7,789,020 of its common shares.

The Company is commencing the NCIB because it believes that the market may not always fully reflect the underlying value of the Company’s business. The repurchase of its common shares at those times is deemed to be in the best interests of its shareholders, instilling confidence in the company's future.

The Company has 116,738,379 common shares issued and outstanding as of the date hereof. Under the NCIB, Reklaim may repurchase up to 10% of the number of Common Shares comprising its public float, which currently equals 7,789,020 common shares.

The NCIB will commence on September 30th, 2024, and continue until September 30th, 2025, or until the company has repurchased the maximum allowable number of common shares. Reklaim reserves the right to terminate the NCIB at any time. All shares purchased under this program will be canceled and returned to the treasury.

Purchases will be made through the TSXV or an alternative Canadian trading platform at prevailing market prices per the TSXV's policies. Due to its expertise and reputation in the market, the Company has engaged Clarus Securities Inc. to act as the broker for the NCIB.

Q2 CEO Letter: 

Chapter 2, 2024

I often view these MD&A updates as chapters in a book, a narrative that unfolds over time.  This ‘book’ has six sections, starting in 2019, each year containing four chapters (quarters).  When we launched this company in the shell of its predecessor, Freckle, the world began to shelter in place as COVID-19 inflected.  Starting a nascent business during that time was challenging.  We really had no business being a public company at that stage, but with the world closed and capital non-existent, we decided to put our heads down and build the product.  Read the full CEO-Q2 letterhere: https://www.investors.reklaimyours.com/press/q2-2024-ceo-letter