RB Global Announces Intended US$500 Million Share Repurchase Program

Executive Summary

• The Board authorized a new share repurchase program allowing RB Global to buy back up to US$500 million of common shares, pending Toronto Stock Exchange approval.
• Management plans to seek Normal Course Issuer Bid (NCIB) clearance in March 2026 and will execute purchases opportunistically using cash reserves or its senior credit facility.
• The program is presented as an “attractive and appropriate use of the Company’s funds,” signaling confidence in the company’s valuation and financial flexibility.

Key Details

• Authorized Repurchase Amount: Up to US$500 million of RB Global common shares.
• Regulatory Approval: Subject to approval by the Toronto Stock Exchange; application for an NCIB expected in March 2026.
• Funding Sources: Planned use of cash on hand and/or the company’s senior credit facility.
• Execution Strategy: Opportunistic purchases based on market conditions, share price, and strategic considerations; program may be modified, suspended, or discontinued at any time.
• Purpose Statement: Management believes repurchasing shares “may be an attractive and appropriate use of the Company’s funds,” indicating a focus on shareholder value creation.

Notable Quotes

(No direct quotes were provided in the release.)