Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 432

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 16E
Chunk 432
---
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

Our partnership may from time-to-time, subject to applicable law, purchase LP Units for cancellation in the open market, provided that any necessary approval has been obtained. On August 15, 2024, the TSX accepted a notice of our partnership’s intention to renew its NCIB in connection with our LP Units, which permits our partnership to repurchase up to 3,714,088 issued and outstanding LP Units. The price to be paid for our LP Units under the normal course issuer bid will be the market price at the time of purchase or such other price as may be permitted. The actual number of LP Units to be purchased and the timing of such purchases will be determined by our partnership, and all purchases will be made through the facilities of the TSX and the NYSE or alternative trading systems in Canada and the United States. Repurchases were authorized to commence on August 19, 2024 and are required to terminate on August 18, 2025 or earlier should our partnership have completed its repurchases prior to such date.

For the year ended December 31, 2024, our partnership did not repurchase any of its LP Units. Following the year ended December 31, 2024 and up to the date of this Form 20-F, the partnership repurchased 3,331,621 LP units under the NCIB.

During the year ended December 31, 2024, Brookfield Corporation purchased 443,722 LP Units under our NCIB. A copy of the Notice of Intention for each normal course issuer bid may be obtained without charge by contacting Investor Relations by phone at 1-866-989-0311 or by email at bbu. enquiries@brookfield. com.

The following table provides our repurchase information for our units on a month-by-month basis for the year ended December 31, 2024:

  Period                                   Average Price Paid per Unit (US$)                              Maximum Number of Units That May Yet Be Purchased Under The Plans or Programs (1)(2)  
  January 1 - 31, 2024                     $                                      —                                                                                                  3,398,783  
  February 1 - 28, 2024                    $                                      —                                                                                                  3,398,783  
  March 1 - 31, 2024                       $                                      —                                                                                                  3,398