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GFL Environmental Inc
Symbol GFL
Shares Issued 381,570,455
Close 2025-03-14 C$ 66.51
Market Cap C$ 25,378,250,962
Recent Sedar Documents

GFL receives exemptive relief for buyback

2025-03-14 17:05 ET - News Release

Mr. Patrick Dovigi reports

GFL ENVIRONMENTAL INC. OBTAINS EXEMPTIVE RELIEF FROM ISSUER BID REQUIREMENTS

GFL Environmental Inc. has received exemptive relief from the Ontario Securities Commission (OSC) permitting it to repurchase subordinate voting shares from underwriters in Ontario of any secondary offering undertaken pursuant to registration rights held by certain shareholders (including BC Partners Advisors LP, Ontario Teachers' Pension Plan Board, GFL Borrower II (Cayman) LP, Poole Private Capital LLC and affiliates of funds advised or managed by HPS Investment Partners LLC).

As previously disclosed, GFL intends to use approximately $2.25-billion of the proceeds from the recent sale of its environmental services business to opportunistically repurchase shares, subject to market conditions, whether pursuant to its previously announced normal course issuer bid, the order or other means permitted by law.

The order permits GFL to purchase up to 50 per cent of the shares initially offered for resale pursuant to any such offering over the next 12 months, up to a maximum of 38,157,045 shares, representing 10 per cent of its current issued and outstanding shares. A special committee of independent directors of the company will oversee any purchases made in reliance on the order to ensure such purchases, when made, are in the best interests of the company. All such purchases will be at a discount to the closing price of the shares on the Toronto Stock Exchange and New York Stock Exchange on the date the associated offering is first announced.

A copy of the decision document of the OSC has been filed under GFL's SEDAR+ profile.

About GFL Environmental Inc.

GFL, headquartered in Vaughan, Ont., is the fourth-largest diversified environmental services company in North America, providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a work force of more than 15,000 employees.

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