SCHEDULE: FIL Limited Discloses 5% Stake in RB Global Inc.
Beneficial Ownership Disclosure
FIL Limited and its affiliates have disclosed a 5.0% beneficial ownership stake in RB Global Inc.'s common stock.
Summary
- FIL Limited, along with Pandanus Partners, L.P. and Pandanus Associates, Inc., has filed a Schedule 13G indicating beneficial ownership of 9,301,869 shares of RB Global Inc. common stock.
- This aggregate amount represents 5.0% of the class of securities.
- FIL Limited holds sole voting power over 8,678,488 shares and sole dispositive power over all 9,301,869 shares.
- Pandanus Partners, L.P. and Pandanus Associates, Inc. each hold sole dispositive power over 9,301,869 shares, but no sole or shared voting power.
- The filing was made under Rule 13d-1(b), indicating the securities were acquired and are held in the ordinary course of business, not for control purposes.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, indicating a neutral sentiment as it does not contain performance metrics, forward-looking statements, or explicit positive/negative news about the company's operations.
Risks
- The filing disclaims that any individual Johnson family member, including FIL's Chairman Abigail P. Johnson, is a beneficial owner of the reported securities, despite Pandanus being owned by trusts for their benefit.
Future Outlook
NA
Industry Context
This filing reflects a standard disclosure by a significant institutional investor, FIL Limited, regarding its passive ownership stake in RB Global Inc. Such disclosures are common in the investment management industry and provide transparency on major shareholdings.
Related Party Transactions
- Pandanus Partners, L.P. owns shares of FIL Limited voting stock, representing normally more than 25% and less than 48.5% of total voting power.
- Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
- Pandanus Partners, L.P. is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson.
Stakeholder Impact
- Shareholders: The disclosure of a 5.0% stake by a major institutional investor like FIL Limited provides transparency regarding the company's ownership structure and can be viewed as a vote of confidence in the company's long-term prospects by a significant holder.
Key Dates
| Date | Description |
|---|---|
| 2023-05-23 | Effective date of Power of Attorney for Richard Bourgelas to sign on behalf of FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. |
| 2024-07-10 | Date of previous Schedule 13G filing by FIL Limited, where the Power of Attorney is incorporated by reference. |
| 2025-06-30 | Date of event which required the filing of this statement. |
| 2025-08-05 | Date of signing of the Schedule 13G filing. |
Keywords
RB Global Inc, FIL Limited, Pandanus Partners, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Investment Management
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