RB Global Announces \$500 Million Share Repurchase Program with TSX Approval

Key Highlights for Investors

• Approval of Major Share Buyback Program: RB Global, Inc. (NYSE: RBA; TSX: RBA) has received approval from the Toronto Stock Exchange (TSX) to commence a substantial normal course issuer bid (NCIB), enabling the company to repurchase up to US\$500 million of its own shares.
• Program Details: The NCIB will begin on March 18, 2026, and may continue for up to one year, ending March 17, 2027, or earlier if the maximum repurchase is reached or at RB Global’s discretion.
• Potential for Up to 10 Million Shares Repurchased: The buyback is capped at the lesser of 10,000,000 common shares (approximately 7% of the public float as of March 6, 2026) or an aggregate purchase value of US\$500 million. All shares repurchased will be cancelled, reducing the number of shares outstanding.
• Daily Purchase Limit: On any single trading day through the TSX, the company may acquire up to 75,349 common shares, representing 25% of the average daily trading volume over the six months ending February 28, 2026. Block purchase exemptions may permit larger acquisitions under certain circumstances.
• Automatic Repurchase Plan: Purchases may be conducted via an automatic repurchase plan, allowing RB Global’s broker to buy shares even during blackout periods or when the company is otherwise restricted from trading its own stock.
• Repurchase Venues: Share buybacks may be executed through the TSX, NYSE, or alternative trading systems in Canada or the U.S., at prevailing market prices.
• Outstanding Shares and Public Float: As of March 6, 2026, RB Global had 185,924,928 common shares outstanding, with a public float of 142,241,292 shares.

Why This Matters to Shareholders: Price-Sensitive Information

• Potential Impact on Share Price: Share repurchase programs are typically viewed as a sign of management’s confidence in the company’s intrinsic value and future prospects. By reducing the number of shares outstanding, the repurchase can boost earnings per share (EPS) and potentially support or increase the share price.
• Flexible Execution: The company is not obligated to complete the full purchase amount and may discontinue repurchases at any time, subject to regulatory requirements. Thus, the actual impact on share supply and price will depend on the pace and magnitude of buybacks executed.
• Regulatory and Market Risks: The company cautions that there can be no assurance as to the precise number of shares to be repurchased, or the total dollar amount that will ultimately be spent, as these are subject to market conditions and management discretion.
• Forward-Looking Statements and Risks: The announcement contains forward-looking statements and is subject to multiple risk factors, including business performance, market conditions, regulatory compliance, economic trends, currency and interest rate fluctuations, and the successful execution of strategic initiatives such as M&A activity and technology integration.

Company Overview and Strategic Context

RB Global, Inc. is a leading omnichannel marketplace specializing in commercial assets and vehicles. Through its global network of auction sites and digital platforms—including Ritchie Bros., IAA, Rouse Services, SmartEquip, and VeriTread—the company serves a worldwide clientele across sectors such as automotive, construction, commercial transportation, government surplus, energy, mining, and agriculture.

The decision to initiate a large-scale share repurchase is positioned as an “attractive and appropriate use” of company funds at certain market prices, signaling management’s commitment to capital returns for shareholders.

Important Considerations for Investors

• Forward-Looking Risks: The company’s ability to drive shareholder value through the NCIB depends on multiple factors, including market participation, successful execution of buybacks, regulatory compliance, and broader economic and industry conditions.
• Disclosure and Transparency: Investors are encouraged to review the company’s risk disclosures in its latest Annual Report on Form 10-K (for the year ended December 31, 2025) and subsequent filings for a comprehensive understanding of potential risks and uncertainties.
• Contact Information: For further details, investors may contact Sameer Rathod, Vice President of Investor Relations & Market Intelligence, at 1.925.225.8875 or via email at [email protected].

Conclusion

The launch of a US\$500 million share repurchase program is a significant and potentially price-sensitive development for RB Global, Inc. shareholders. It demonstrates confidence in the company’s valuation and financial strength, while offering the potential to enhance long-term shareholder value through optimized capital allocation.

Disclaimer: This article includes forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially from those anticipated. This is not investment advice. Investors should conduct their own due diligence and consult official filings and disclosures before making any investment decisions.

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