#Canada #TSX #GFL Environmental #Vaughan #Shares Repurchase

GFL Environmental Inc. Resumes Share Repurchase Program

GFL Environmental Inc. has officially announced the revival of its share repurchase program, following the Toronto Stock Exchange's (TSX) approval. This decision marks a significant step for the company as it aims to enhance shareholder value amidst fluctuating market conditions.

Key Details of the Share Repurchase Program

The approved plan allows GFL to repurchase up to 28,046,256 subordinate voting shares over the next 12 months, concluding on March 2, 2026. A notable aspect of this program is that shares bought back from BC Partners on March 25, 2025, totaling 17,050,298, will not count towards this repurchase limit. Furthermore, any shares acquired in a secondary offering under an exemption granted by the Ontario Securities Commission on March 13, 2025, will also be excluded from the count.

To date, GFL has already repurchased 7,618,758 subordinate voting shares under its Normal Course Issuer Bid (NCIB). This leaves GFL with 20,427,498 shares still available for repurchase. The company has expressed its intent to continue purchasing shares as market conditions allow, with acquisitions to take place through TSX and other eligible trading platforms in the U.S.

About GFL Environmental Inc.

Headquartered in Vaughan, Ontario, GFL is recognized as the fourth largest diversified environmental services firm in North America. It offers a wide array of solid waste management services across Canada and 18 U.S. states, employing over 15,000 individuals. With a focus on sustainability and quality service, GFL has positioned itself as a leader in the environmental sector.

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties that may result in actual outcomes differing from projected ones. These statements incorporate expectations regarding the share buyback strategy and the intended repurchases. GFL acknowledges that while the plans are based on current assessments, fluctuating market dynamics could impact execution.

GFL’s management remains optimistic about the share repurchase program's potential to deliver value to shareholders while maintaining a strategic focus on operational growth. Such efforts illustrate the company’s commitment to shareholder interests and overall financial health.

In conclusion, GFL Environmental Inc.’s resumption of its share repurchase program reinforces its ongoing commitment to enhancing shareholder value while navigating complex market conditions. Investors and market watchers will be keen to monitor how this initiative unfolds over the coming year and how it fits within GFL's broader strategic objectives.