08:25 AM EST, 12/27/2024 (MT Newswires) -- George Weston (WN.TO) said Friday that it signed an automatic share purchase plan with a broker to facilitate repurchases of its shares under its normal course issuer bid.

The company has TSX approval to purchase up to 6.6 million shares, or 5% of its issued and outstanding shares. The bid runs from May 27, 2024 to May 26, 2025.

During the automatic share purchase plan, Weston said its broker may purchase shares at times when the company would not be active in the market due to insider trading rules and its own internal trading blackout periods.

George Weston operates through Loblaw Companies ( LBLCF ) and Choice Properties Real Estate Investment Trust.