The Real Brokerage Inc. (TSXV:REAX) announces a share repurchase program. Under the normal course issuer bid, the company may repurchase up to 8,915,466 shares, representing 5% of its issued share capital. The purpose of the program is to to acquire the shares for the purposes of the Restricted Share Unit Plan.

The repurchased shares will be held by the Trustee until the same are transferred to the designated participants or sold in the market with the proceeds to be transferred to designated participants under the terms of the RSU Plan to satisfy the company's obligations in respect of redemptions of vested RSUs held by such designated participants. The program will expire on May 20, 2023, or the date on which the company has purchased the maximum number of shares to be under the program. As of May 19, 2022, the company had 178,309,321 shares issued and outstanding.