RB Global, Inc. (NYSE:RBA) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 5.38% of its issued share capital for $500 million. The program is subject to the approval of the Toronto Stock Exchange.
Purchases under the NCIB may be made at the then current market price of the Company?s common shares through the facilities of the TSX, the New York Stock Exchange (the ?NYSE?) or alternative trading systems in Canada or the United States by means of open market transactions or by such other means as may be permitted by applicable Canadian and U.S. securities laws. The purpose of the program is appropriate use of the Company?s funds. The share repurchase program will be funded using the Company?s cash reserves or its senior credit facility.
The program will be valid till March 17, 2027. As of March 6, 2026, the company had 185,924,928 common shares issued and outstanding.
RB Global, Inc. is an omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, the Company serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The Company’s end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. Rouse Services provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. SmartEquip is a technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both original equipment manufacturers and dealers. VeriTread is an online marketplace for heavy haul transport.
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