RB Global, Inc. Announces $500 Million Increase to Share Repurchase Program

RB Global, Inc. announced that its board of directors has authorized a $500 million increase to its share repurchase program. This brings the total value of the program to $1 billion. The Toronto Stock Exchange has approved the amendment to the normal course issuer bid (NCIB), allowing the company to repurchase up to 14,224,129 shares, or approximately 10% of the total public float. As of September 11, 2026, the company had already repurchased 5,363,497 shares under the original NCIB. The amendments are expected to be effective on September 17, 2026, and the NCIB will terminate on March 17, 2027, or earlier if the company completes its purchases. The company believes repurchasing shares at current market prices is a beneficial use of its funds. Shares purchased will be cancelled. The repurchase program may be conducted through an automatic repurchase plan, allowing for purchases even during blackout periods, subject to regulatory compliance.