Russel Metals launches NCIB to repurchase up to 5,446,896 shares over 12 months

Reuters2026/08/14 11:00

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Russel Metals launched a normal course issuer bid to repurchase up to 5,446,896 common shares, equal to 10% of the public float.
Program runs Aug. 18, 2026 to Aug. 17, 2027, with shares bought for cancellation.
Daily TSX purchases capped at 59,558 shares, tied to average daily volume of 238,233 shares.
Prior buyback expiring Aug. 17, 2026 authorized 5,542,173 shares; 1,021,400 were repurchased at a weighted average price of $41.89.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Russel Metals Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608140700PR_NEWS_USPR_____TO20923) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Russel Metals launches NCIB to repurchase up to 5,446,896 shares over 12 months

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