RB Global Receives TSX Approval for Previously Announced $500 Million Share Repurchase Program

Executive Summary

• RB Global obtained TSX approval to commence a Normal Course Issuer Bid (NCIB) starting March 18, 2026 and ending March 17, 2027.
• The NCIB permits the purchase of up to 10 million common shares (≈ 7% of public float) or an aggregate value of US$500 million, whichever is lower.
• Purchases may be made via an automatic repurchase plan, with a daily maximum of 75,349 shares (≈ 25% of average daily volume). All acquired shares will be cancelled.

Key Details

• Program Duration: March 18, 2026 – March 17, 2027 (or earlier if purchases are completed).
• Maximum Shares/Value: Up to 10,000,000 common shares or US$500 million total purchase amount, whichever is lower.
• Daily Purchase Limit: 75,349 shares per trading day on the TSX (≈ 25% of average daily volume for the six months ended Feb 28, 2026).
• Public Float Context (as of March 6, 2026): 185,924,928 total common shares issued; 142,241,292 shares in public float.
• Share Cancellation: All shares repurchased under the NCIB will be cancelled, reducing outstanding share count.
• Purchase Mechanism: Shares may be bought through an automatic repurchase plan (the “Purchase Plan”) by the Company’s broker at any time, including periods normally restricted for buybacks. Transactions can occur on TSX, NYSE, or alternative trading systems via open‑market transactions or other permitted methods.
• Regulatory Compliance: Purchases will adhere to TSX parameters, Canadian and U.S. securities laws, and the written agreement between the Company and its broker.
• Flexibility: The Company may discontinue purchases at any time, subject to regulatory requirements, and there is no guarantee on the exact number of shares or total dollar amount that will be repurchased.

Notable Quotes

(No executive quotes were included in the release.)