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George Weston enters into automatic share purchase plan
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Tuesday, 14 January, 2025, 08 : 00 AM [IST]
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Toronto, Canada
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George Weston Limited announced that it has entered into an automatic share purchase plan with a broker in order to facilitate repurchases of its common shares under its previously announced normal course issuer bid.
The company previously announced that it had received approval from the Toronto Stock Exchange during the 12-month period commencing May 27, 2024, and terminating May 26, 2025, purchase up to 6,646,057 Common Shares, representing approximately 5% of the 132,921,158 Common Shares issued and outstanding as of May 13, 2024, by way of a NCIB on the TSX or through alternative trading systems or by such other means as may be permitted under applicable law.
During the effective period of its ASPP, its broker may purchase Common Shares at times when it would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by its broker based upon parameters set by the company when it is not in possession of any material non-public information about itself and its securities, and in accordance with the terms of the ASPP. Outside of the effective period of the ASPP, Common Shares may continue to be purchased in accordance with its discretion, subject to applicable law. The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws.
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