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George Weston Gets Approval from Stock Exchange for Normal Course Issuer Bid
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George Weston Gets Approval from Stock Exchange for Normal Course Issuer Bid
May 26, 2025 1:16 PM

08:14 AM EDT, 05/23/2025 (MT Newswires) -- George Weston (WN.TO) on Friday said the Toronto Stock Exchange approved its normal course issuer bid (NCIB).

The company may buy up to 6.4 million common shares, or about 5% of the issued and outstanding shares, during the 12-month period beginning on May 27.

Wittington, which holds about 59% of George Weston's issued and outstanding common shares, will be allowed to participate in the NCIB in a fixed proportion equal to 50% of its pro rata stake, the company said. George Weston added that it will be permitted to buy its common shares from Wittington in the fixed proportion on any given trading day pursuant to the NCIB, in accordance with an exemption granted by the TSX.

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