- GFL Environmental Inc. (GFL, Financial) resumes its share repurchase program with approval from TSX.
- The company can repurchase up to 28,046,256 subordinate voting shares by March 2, 2026.
- GFL has already repurchased 7,618,758 shares, leaving 20,427,498 shares available for future buybacks.
GFL Environmental Inc. (GFL), a leading environmental services company, has received authorization from the Toronto Stock Exchange (TSX) to resume its normal course issuer bid (NCIB) share repurchase program. The approval allows GFL to buy back up to 28,046,256 subordinate voting shares over the next 12 months, concluding on March 2, 2026.
To date, GFL has repurchased 7,618,758 shares, intended for cancellation, leaving 20,427,498 shares still eligible for future repurchases under the program. The company will make these purchases through the TSX, the New York Stock Exchange (NYSE), and other qualified Canadian and U.S. trading systems, contingent on market conditions.
In a noteworthy arrangement, GFL's repurchase of 17,050,298 shares from BC Partners on March 25, 2025, does not count towards the NCIB limit. This exemption was granted by the Ontario Securities Commission, further allowing shares acquired in secondary offerings under an exemptive relief order to be excluded from the limit.
Headquartered in Vaughan, Ontario, GFL Environmental Inc. is recognized as the fourth largest diversified environmental services company in North America, with over 15,000 employees providing solid waste management services across Canada and the United States.
