Prnewswireยท2025-03-14 21:00Core Viewpoint - GFL Environmental Inc. has received exemptive relief from the Ontario Securities Commission, allowing the company to repurchase subordinate voting shares from underwriters in Ontario as part of a secondary offering [1][3]. Group 1: Share Repurchase Details - GFL plans to use approximately $2.25 billion from the sale of its Environmental Services business to repurchase shares, depending on market conditions [2]. - The Order allows GFL to purchase up to 50% of the shares initially offered for resale in any secondary offering over the next 12 months, with a maximum of 38,157,045 shares, which is 10% of its current issued and outstanding shares [3]. - A special committee of independent directors will oversee the share repurchases to ensure they are in the best interests of the company, and all purchases will occur at a discount to the closing price on the date of the offering announcement [3]. Group 2: Company Overview - GFL Environmental Inc. is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and in 18 U.S. states [5]. - The company employs over 15,000 individuals across its operations [5].