George Weston Announces Automatic Share Purchase Plan Of Up To 6.65 Mln

(RTTNews) - George Weston Ltd. (WNGPF, WN.TO), a food processing and distribution company, on Friday announced that it has entered into an automatic share purchase plan with a broker.

The company had previously announced an approval from Toronto Stock Exchange to buy back up to 6,646,057 common shares between May 27, 2024, and May 26, 2025. The authorization represents about 5% of the 132,921,158 shares outstanding as of May 13.

The automatic share purchase plan is under its previously announced normal course issuer bid. During the plan period, Weston's broker can buy shares even when Weston cannot due to insider trading rules or blackout periods.

Thursday, George Weston had closed 0.90% higher at CAD 235.41 on the Toroto Stock Exchange.