09:12 AM EDT, 03/25/2026 (MT Newswires) -- Rockpoint Gas Storage Inc. (RGSI.TO) announced Wednesday that the Toronto Stock Exchange has accepted the company's notice of intention to commence a normal course issuer bid in respect of its Class "A" common shares through the facilities of the TSX and/or other alternative trading systems in Canada.

It said the NCIB will commence on March 27, 2026 and will terminate on the earlier of March 26, 2027, the date on which Rockpoint has purchased the maximum number of Class A Shares permitted under the NCIB or the date on which Rockpoint terminates the NCIB in accordance with its terms.

Under the NCIB, Rockpoint may, over a 12-month period commencing on March 27, 2026, purchase in the normal course through the facilities of the TSX and/or other Canadian alternative trading systems, if eligible, up to 5,316,025 Class A Shares, such amount representing 10% of the public float (as defined by the TSX) of the Class A Shares as at March 23, 2026. Rockpoint had 53,200,000 Class A Shares issued and outstanding on March 23, 2026.

Subject to certain exemptions for block purchases, Rockpoint said the maximum number of Class A shares that it may acquire on any one trading day is 53,277 Class A Shares, such amount representing 25% of the average daily trading volume of the Class A Shares for all of the completed calendar months since the Class A Shares were listed on the TSX. All Class A Shares purchased by Rockpoint under the NCIB will be cancelled.

Rockpoint may enter into an automatic share purchase plan with its broker in relation to the NCIB.

Shares in RGSI eased near 0.6% yesterday.