Financings

METRO INC. RENEWS ITS SHARE BUYBACK PROGRAM

By The Northwire Desk — AI Analysis Nov 25, 2025 · 08:30 MRU · 98.34 METRO INC.

MRU · Price

Metro Inc. renewed its normal‑course issuer bid (NCIB) to repurchase up to 10 million common shares (≈4.7% of outstanding shares) between 27 Nov 2025 and 26 Nov 2026.
The prior NCIB period (27 Nov 2024 – 26 Nov 2025) saw the company buy back 8.7 million shares at a weighted‑average price of $97.51 per share, totaling $848.3 M.
Metro plans to implement an Automatic Share Purchase Plan (ASPP) with National Bank Financial to enable continuous repurchases, including during insider‑trading blackout periods.

Renewed NCIB Capacity: Up to 10,000,000 common shares (~4.7% of the 213,800,822 shares outstanding on 13 Nov 2025).
Daily Purchase Limit: Up to 111,705 shares per trading day, subject to TSX block‑purchase rules.
Repurchase Mechanics: Purchases may be executed on the Toronto Stock Exchange, alternative Canadian trading systems, or via private agreements (discounted as permitted by regulator). All repurchased shares will be cancelled.
Historical Repurchases (Previous NCIB): 8,700,000 shares bought at a weighted‑average price of $97.51/share; total outlay $848.3 M as of 13 Nov 2025.
Average Daily Trading Volume: 446,822 shares over the prior six months, providing context for market impact.
Automatic Share Purchase Plan (ASPP):
Dealer: National Bank Financial Inc. (designated dealer).
Effective upon commencement of the renewed NCIB (27 Nov 2025).
Allows broker‑initiated purchases during periods when Metro cannot trade due to insider‑trading restrictions or internal blackout windows.
Regulatory Compliance: All repurchases will adhere to TSX requirements and applicable securities regulations, including any issuer‑bid exemption orders that may permit discounted private‑agreement purchases.

(No direct quotes were provided in the release.)

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