(RTTNews) - Metro Inc. (MRU.TO), a Canadian food and pharmacy retailer, on Tuesday said it is renewing its normal course issuer bid, allowing the company to repurchase up to 10 million shares — about 4.7% of its outstanding stock — between November 27, 2025, and November 26, 2026. All shares bought under the program will be cancelled, and purchases will take place at market prices through the Toronto Stock Exchange or other permitted trading systems.
Under TSX rules, Metro may repurchase up to 111,705 shares per day, based on its six-month average daily trading volume of 446,822 shares. The company also plans to enter into an Automatic Share Purchase Plan with National Bank Financial Inc., enabling share buybacks to continue during blackout periods or when insider trading restrictions apply.
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