Loblaw Companies (TSE:L) has released an update.
Loblaw Companies Limited has implemented an automatic share purchase plan to facilitate the repurchase of its common shares under its normal course issuer bid. This move allows Loblaw to buy back shares during periods when it is unable to be active in the market due to insider trading rules and internal blackout periods.
For further insights into TSE:L stock, check out TipRanks’ Stock Analysis page.