Russel Metals launches NCIB to repurchase up to 5,446,896 shares over 12 months
Reuters2026/08/14 11:00- 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: 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.
You may also like
Japan’s Katayama: Confirmed with Bessent that continued, coordinated action on FX is needed
NTT Docomo Ventures takes stake in single-seat EV startup KG Motors
Renowned tech investor Gavin Baker: Data centers are creating a large number of high-paying blue-collar jobs
Baker believes that the construction of data centers can boost tax revenues in small towns and create high-paying blue-collar jobs. He also points out that the low natural gas prices in the United States provide a manufacturing cost advantage. He stated, "Learning trades like electrician, plumber, or HVAC technician now can earn you astonishing incomes, which in some cases might even surpass the net present value of going to college."
StrategX Elements extends non-brokered private placement deadline to Sept. 30, 2026
Crypto prices
More
