Steel Distributor Russel Metals Plans 5.54M Share Buyback Program

TORONTO, Aug. 14, 2025 /PRNewswire/ – 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, during the period commencing on August 18, 2025 and ending on the earlier of August 17, 2026, and the completion of purchases under the NCIB, up to 5,542,173 common shares of Russel Metals (“Common Shares”), which represents 10% of the public float.  As of August 11, 2025, Russel Metals had 55,988,355 Common Shares issued and outstanding.

Daily purchases on the TSX under the NCIB will be limited to 37,951 Common Shares, which represents 25% of the average daily trading volume of 151,807, on the TSX for six months ending July 31, 2025, subject to any purchases made pursuant to the block purchase exception.  The actual number of Common…