Loblaw Companies Limited (TSX:L) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 14,950,061 common shares, representing 5% of its outstanding share. The repurchased shares will be cancelled or used in connection with the settlement of restricted share units or performance share units. The company may use its bid to acquire the number of common shares that are issued pursuant to the exercise of options in order to offset the dilutive effect of options that have been exercised. The bid will terminate on May 5, 2026. As of April 22, 2025, the company had 299,001,231 shares outstanding.
In the third quarter of 2025, the company completed a four-for-one stock split of its outstanding common shares. The stock split is effective from August 18, 2025.
George Weston Limited is a Canada-based company. The Company operates through its two reportable segments: Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. Choice Properties owns, manages and develops a high-quality portfolio of commercial and residential properties across Canada.
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