George Weston Limited. - CEO, Galen G Weston
CEO, Galen G Weston
Source: Toronto Star
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  • George Weston Limited (WN) has received approval for a normal course issuer bid
  • Between May 25, 2022 and May 24, 2023, Weston may purchase up to 7,304,927 common shares
  • Daily purchases will be limited to 40,175 shares
  • Common shares purchased under the NCIB will be cancelled or transferred to and held by trusts established by Weston
  • George Weston is a holding company that operates two subsidiaries encompassing retail and real estate
  • George Weston Limited (WN) opened trading at $147.81 per share

George Weston Limited (WN) has received approval for a normal course issuer bid.

Between May 25, 2022 and May 24, 2023, Weston may purchase up to 7,304,927 common shares, representing approximately 5 per cent of the 146,098,555 of its issued and outstanding common shares.

Daily purchases will be limited to 40,175 shares, other than block purchase exceptions.

Share purchases will be made on the TSX or through alternative trading systems.

Common shares purchased under the NCIB will be cancelled or transferred to and held by trusts established by Weston for the settlement of equity settled incentive plans. 

Under its current NCIB, 6,329,558 shares have been purchased as of May 11, 2022, at an average price of $136.20.

George Weston is a holding company that operates two subsidiaries, Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. 

George Weston Limited (WN) opened trading at $147.81 per share.

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