Loblaw Companies (TSE:L) has released an update.
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Loblaw Companies Limited has initiated an automatic share purchase plan (ASPP) to facilitate the repurchase of its common shares, as a part of its normal course issuer bid, which allows for the buyback of up to 5% of its outstanding shares over a year. The ASPP enables Loblaw to buy shares during periods when it typically could not due to insider trading regulations and its own trading blackout periods, ensuring compliance with Canadian securities laws.
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