NCIB Article.docx - Restaurant Brands International Inc Announces Renewal of Normal Course Issuer Bid Company Release 7:05 PM ET OAKVILLE ON Aug 2

NCIB Article.docx - Restaurant Brands International Inc...

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Restaurant Brands International Inc. Announces Renewal of Normal Course Issuer Bid Company Release - 8/2/2018 7:05 PM ET OAKVILLE, ON, Aug. 2, 2018 /CNW/ - Restaurant Brands International Inc. (TSX/NYSE: QSR) ("RBI") announced today that it has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to renew its normal course issuer bid (the "NCIB") for its common shares (the "Common Shares"). The NCIB is being conducted in furtherance of RBI's current share repurchase authorization by the Board of Directors of RBI in August 2016, pursuant to which RBI may purchase up to US$300 million of its Common Shares over the next three years (the "Repurchase Authorization"). The TSX notice provides that RBI may, during the 12-month period commencing August 8, 2018 and ending on August 7, 2019, purchase up to 24,087,172 Common Shares, representing 10% of its public float of 240,871,724 Common Shares as of July 31, 2018 (a total of 250,018,442 Common Shares were issued and outstanding as of such date). Purchases under the NCIB will be made through the facilities of the TSX, the New York Stock Exchange (the "NYSE") and/or alternative Canadian or foreign trading systems, if eligible, or by such other means as may be permitted by applicable securities laws, including private agreements. Any purchases made by private agreement under an issuer bid exemption order issued by a securities regulatory authority in Canada will be at a discount to the prevailing market price as provided in any such exemption order. Purchases under
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