Loblaw, parent company George Weston enter automatic share buyback plans
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 27/12/2024 (345 days ago), so information in it may no longer be current.
BRAMPTON, Ont. – Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have both entered into automatic share purchase plans with brokers.
The automatic buybacks will form part of the companies’ existing repurchase programs to buy back up to five per cent of their issued and outstanding shares.
Loblaw’s program, which runs until May 5 of next year, would see it purchase up to 15.3 million shares.
George Weston’s normal course issuer bid will run to May 26, under which it could buy up to 6.6 million shares.
Those plans will allow the grocer’s broker to buy back shares at times when Loblaw and George Weston would not be active because of insider trading rules and internal trading blackout periods.
Companies routinely conduct share buyback programs as a way to return capital to shareholders and to try to boost share price.
This report by The Canadian Press was first published Dec. 27, 2024.
Companies in this story: (TSX:WN; TSX:L)