TORONTO, May 25, 2026 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX:MRE) ("Martinrea" or the "Company"), today announced that it has filed with the Toronto Stock Exchange (the "TSX"), and the TSX has accepted, its notice of intention to make a normal course issuer bid (the "NCIB"). Pursuant to the NCIB, Martinrea is entitled to purchase for cancellation up to 6,874,272 common shares ("Shares") over a 12-month period, representing approximately 10% of the public float.

The NCIB will commence on May 27, 2026 and terminate on May 26, 2027, or such earlier date on which purchases under the NCIB have been completed. Purchases of Shares under the NCIB will be made through the facilities of the TSX and/or alternative Canadian trading systems at the market price of the Shares at the time of acquisition. The average daily trading volume of the Shares on the TSX for the last six months is 93,575 Shares. The maximum number of Shares that may be purchased on a daily basis, subject to any approved exceptions, will be 23,393 Shares. Shares purchased under the NCIB will be cancelled.

During the past 12 months, Martinrea was authorized to repurchase up to 7,110,571 Shares under a ...