08:51 AM EST, 11/15/2024 (MT Newswires) -- Saputo Inc. ( SAPIF ) on Friday announced that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid (NCIB) to purchase up to 2% of Saputo's ( SAPIF ) issued and outstanding common shares.

Under the terms of the NCIB, Saputo ( SAPIF ) may purchase for cancellation up to 8,487,169 common shares, representing 2% of its 424,358,459 issued and outstanding common shares as of November 8, 2024.

SAP was up $0.30 or 1.15% on the TSX yesterday.