08:52 AM EST, 11/25/2025 (MT Newswires) -- METRO INC. ( MTRAF ) , a food and pharmacy player in Quebec and Ontario, announced Tuesday that it is renewing its normal course issuer bid program and that such renewal has been approved by the Toronto Stock Exchange.

In a statement the corporation said it decided to renew the issuer bid program as an additional option for using excess funds. Thus, it will be able to repurchase, in the normal course of business, between November 27, 2025, and November 26, 2026, up to 10 million of its common shares representing near 4.7% of its issued and outstanding shares on November 13, 2025. On November 13, 2025, there were 213,800,822 issued and outstanding shares of which 212,645,667 were part of the outstanding public float of the corporation. The average daily trading volume of the corporation's common shares over the last six completed months was 446,822 shares.

Accordingly, Tuesday's statement noted, under the Toronto Stock Exchange requirements, the corporation is entitled on any trading day to purchase up to 111,705 common shares subject to the TSX Requirements regarding block purchases.

Under the existing normal course issuer bid program, which is for the period from November 27, 2024 to November 26, 2025, the corporation repurchased 8.7 million common shares at a weighted average price of $97.51 per share for a total of $848.3 million as of November 13, 2025. Repurchases were made through the facilities of the TSX at market price, in accordance with its policies and regulations, and through the facilities of alternative trading systems.

METRO Inc. ( MTRAF ) is planning on entering into an Automatic Share Purchase Plan agreement with National Bank Financial Inc., its designated dealer, to allow for the automatic repurchase of shares, such agreement to be effective upon commencement of the normal course issuer bid program.

MRU was down $1.85 and 1.85% on the TSX yesterday.