SOL Global Announces Intention to Commence Normal Course Issuer Bid to Repurchase up to 5% of its Common Shares

TORONTO – March 2, 2021 /PRNewswire/ – SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) announces its intention to commence a normal course issuer bid (“NCIB”), under which the Company may purchase up to 2,737,805 of the Company’s common shares, representing approximately 5% of its issued and outstanding common shares (the “Common Shares”). The Company is commencing the NCIB because it believes that, due to the success and growth of several of its portfolio holdings, the market price of the Common Shares may not fully reflect the underlying value of the Company’s business and future prospects. SOL Global believes that the repurchase of its Common Shares for cancellation represents an appropriate use of the Company’s financial resources and will enhance shareholder value.

The NCIB is expected to commence on March 31, 2021 and terminate on March 31, 2022. All Common Shares purchased under the NCIB will be purchased on the open market through the facilities of the Canadian Securities Exchange (the “CSE”). All purchases made under the NCIB will be at the prevailing CSE market price for the Common Shares at the time of purchase. Common Shares acquired by the Company under the NCIB are being purchased for cancellation. The Company intends to appoint Clarus Securities Inc. as its broker to conduct the NCIB on its behalf.

“We believe that SOL Global is trading significantly below its net asset value; therefore, one of the best stocks we can buy is our own,” said Andy DeFrancesco, Chairman and CEO of SOL Global.