Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 126

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 126
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 to renew the NCIB for its LP Units. Under the NCIB, the partnership is authorized to repurchase up to 5% of its issued and outstanding LP Units as at August 8, 2024, or 3,714,088 LP Units, including up to 10,340 LP Units on the TSX during any trading day.

On August 15, 2024, the TSX accepted a notice filed by BBUC, a consolidated subsidiary of the partnership, of its intention to renew the NCIB for BBUC exchangeable shares. Under the NCIB, BBUC is authorized to repurchase up to 5% of the issued and outstanding BBUC exchangeable shares as at August 8, 2024 or 3,647,722 BBUC exchangeable shares, including up to 5,184 BBUC exchangeable shares on the TSX during any trading day.

During the year ended December 31, 2024, the partnership did not repurchase any of its LP Units (December 31, 2023: 331,875 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 (December 31, 2023: 374,533 LP Units).

As at December 31, 2024 and December 31, 2023, the total number of Units outstanding are as follows:

  UNITS                           December 31, 2024                      December 31, 2023                  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────
  GP Units                                        4                                      4                  
  LP Units                                               74,281,767                             74,281,763  
  Non-controlling interests:                                                                                
  Redemption-Exchange Units                              69,705,497                             69,705,497  
  BBUC exchangeable shares                               72,954,446                             72,954,450  
  Special LP Units                                4                                      4                  

Segment Analysis

Our operations are organized into four operating segments which are regularly reviewed by the CODM for the purpose of allocating resources to the segment and to assess its performance. The key measures used by the CODM in assessing performance and in making resource allocation decisions are