RB Global, Inc. has received approval from the Toronto Stock Exchange (TSX) to initiate a normal course issuer bid (NCIB) for a share repurchase program. The NCIB will commence on March 18, 2026, and terminate on March 17, 2027. Under the program, the company may purchase up to 10,000,000 common shares or an aggregate of US$500 million, representing approximately 7% of the total public float of the company as of March 6, 2026.
As of March 6, 2026, RB Global, Inc. had 185,924,928 common shares issued and outstanding, with a total public float of 142,241,292 common shares. The company believes that repurchasing its common shares at certain market prices may be an attractive and appropriate use of its funds.
The company's common shares under the NCIB may be purchased through an automatic repurchase plan, and the purchases will be made by the company's broker based on prescribed parameters by the TSX, applicable Canadian and U.S. securities laws, and the terms of the parties' written agreement. The purchases 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 (NYSE), or alternative trading systems in Canada or the United States.
RB Global, Inc. is a leading omnichannel marketplace and provider of 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 across various asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining, and agriculture. Following these announcements, the company's shares moved 1.05%, and are now trading at a price of $112.89. For the full picture, make sure to review RB GLOBAL INC.'s 8-K report.
