Ritchie Bros. Auctioneers Incorporated (TSE:RBA) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
On May 9, 2019, Ritchie Bros. Auctioneers Incorporated (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2019. A copy of the press release is furnished as Exhibit 99.1 to this report.
In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01 Other Events
On May 9, 2019, Ritchie Bros. Auctioneers Incorporated announced that its board of directors declared a quarterly cash dividend of US$0.18 per common share, payable on June 19, 2019 to shareholders of record on May 29, 2019.
On May 9, 2019, the Company announced that its board of directors has authorized a share repurchase program for the repurchase of up to $100 million worth of common shares of the Company (subject to the Toronto Stock Exchange “TSX” approval) over the next 12 months.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| 99.1 | News release, dated May 9, 2019 issued by Ritchie Bros. Auctioneers Incorporated |
RITCHIE BROS AUCTIONEERS INC Exhibit
EX-99.1 2 tv520679_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 – News Release Ritchie Bros. reports first quarter 2019 results VANCOUVER,…
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About Ritchie Bros. Auctioneers Incorporated (TSE:RBA)
Ritchie Bros. Auctioneers Inc is a Canada-based holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces. The Company focuses on the sale of heavy machinery. The Company operates through the following segments: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne segment is an online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at approximately 40 auction sites across the world. The majority of the assets sold through the Company’s sales channels are classified as construction machinery.