The latest announcement is out from George Weston ( (TSE:WN) ).
George Weston Limited has initiated an automatic share purchase plan (ASPP) to facilitate the repurchase of its common shares under a previously announced normal course issuer bid (NCIB). This move allows the company to buy back up to 5% of its outstanding shares, enhancing its market position by potentially increasing shareholder value. The ASPP enables share purchases even during periods when the company is restricted from active trading due to insider trading rules, thereby ensuring compliance with Canadian securities laws.
More about George Weston
George Weston Limited is a Canadian public company founded in 1882, operating through two main segments: Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. Loblaw offers a range of services including grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products. Choice Properties focuses on owning, managing, and developing commercial and residential properties across Canada.
YTD Price Performance: 4.75%
Average Trading Volume: 126,251
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$29.66B
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