Element Fleet Management Corp. (TSX:EFN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 40,968,811 common shares, representing 9.98% of the issued and outstanding shares. The bid will be funded using existing cash resources. The shares repurchased by the company under the bid will be cancelled. The bid will expire on the earlier of November 14, 2022, and the completion of purchases under the bid. As of October 31, 2021, the company had 410,501,730 common shares issued and outstanding.