TORONTO, March 7, 2024 /CNW/ - Sleep Country Canada Holdings Inc. ("Sleep Country" or the "Company") (TSX: ZZZ) announced today acceptance by the Toronto Stock Exchange (the "TSX") of the Company's Notice of Intention to Make a Normal Course Issuer Bid ("NCIB"). Pursuant to the NCIB, the Company proposes to purchase through the facilities of the TSX, other designated exchanges and/or alternative trading systems, from time to time over the next 12 months, if considered advisable, up to a maximum of 2,368,443 common shares ("Shares") of the Company, being approximately 10% of its public float of 23,684,435 Shares as of February 29, 2024. Purchases may commence through the TSX on March 11, 2024 and will conclude on the earlier of the date on which purchases under the bid have been completed and March 10, 2025. The Company may purchase up to a daily maximum of 15,927 Shares (representing 25% of the average daily trading volume of the Shares on the TSX for the six months prior to February 29, 2024 excluding purchases by the Company under its prior normal course issuer bid, being 63,711 Shares), except where such purchases are made in accordance with the "block purchase" exception under applicable TSX rules and policies.