Business
George Weston Limited Announces Amendment to Normal Course Issuer Bid
George Weston Limited Announces Amendment to Normal Course Issuer Bid Canada NewsWire ...
About this update from George Weston Limited
[{"type":"text","content":"\n\n\n\n George Weston Limited Announces Amendment to Normal Course Issuer Bid\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 29, 2025\n \n\n /CNW/ - (TSX: WN) – George Weston Limited (the \"Company\") announced today that the Toronto Stock Exchange (TSX) has accepted an amendment to the Company's normal course issuer bid (\"NCIB\"). Following the amendment, Wittington Investments, Limited (\"Wittington\") will participate in the Company's share buyback program at a level proportionate to its ownership. Wittington, controlled by\n \n Galen G. Weston\n \n , is the majority shareholder of the Company and holds approximately 59.2% of the issued and outstanding common shares (\"Common Shares\") of the Company.\n \n\n\n\n\n\n\n\n\n Prior to this amendment, Wittington participated in the NCIB in a fixed proportion of 50% of its\n \n pro rata\n \n share of the issued and outstanding Common Shares. Having increased its share ownership from approximately 57% in 2023 when it started participating in the NCIB to approximately 59.2% today, Wittington has decided to move to full pro rata participation. Wittington believes the Company and its operating businesses will remain superior investments over the long term. Pro rata participation in the NCIB will allow Wittington to maintain its proportionate ownership in the Company, while also expanding its diversification, impact investing and support for philanthropy.\n \n\n Following the completion of the Company's previously announced three-for-one stock split on its Common Shares on\n \n August 18, 2025\n \n , all share numbers and share limits under Weston's NCIB have been updated to reflect the stock split. The NCIB provides that the Company may, during the 12-month period from\n \n May 27, 2025\n \n (\"Effective Date\") to\n \n May 26, 2026\n \n , purchase up to  19,344,552  Common Shares, representing approximately 5% of the issued and outstanding Common Shares as at the Effective Date, by way of the NCIB on the TSX...