Stock Buybacks
By The Online Investor Staff, updated Thu., Aug. 18, 5:54 AM
| This Slide: #12 of 25 |
Slide #12. Russel Metals Inc.
Company:
Russel Metals Inc. (TSE:RUS.CA)
Share Amount Authorized:
3,155,611
Buyback Details:
Russel Metals Inc. (TSX: RUS) announces that it has received approval from the Toronto Stock Exchange (the "TSX") of its notice of intention to make a normal course issuer bid (the "NCIB"). Under the NCIB, Russel Metals may purchase for cancellation, on the open market at its discretion, during the period commencing on August 16, 2022 and ending on the earlier of August 15, 2023 and the completion of purchases under the NCIB, up to 3,155,611 common shares of Russel Metals ("Common Shares"), which represents 5% of the issued and outstanding Common Shares. As of August 11, 2022, Russel Metals had 63,112,220 issued and outstanding Common Shares.
Russel Metals is engaged as a metals distribution company operating in various locations within North America. Co. primarily distributes steel and other metal products in three principal business segments: metals service centers; energy products; and steel distribution. 
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