Winpak Gets TSX Green Light to Renew 5% Share-Repurchase Program

Dow Jones03-24
 

By Adriano Marchese

 

Winpak intends to renew its share-repurchase program to buy back up to 5% of its issued and outstanding shares over a one-year period.

The Winnipeg, Manitoba-based packaging manufacturer said Tuesday that the Toronto Stock Exchange approved its plan to launch a normal course issuer bid to buy back up to 2.9 million of its shares for cancellation.

The stock has been slightly higher so far in 2026, rising about 2.5% since the start of the year to close on Monday at 46.16 Canadian dollars ($33.64).

At Monday's closing price, the value of the shares intended for buyback would be worth about C$135.4 million.

Winpak can begin buying back shares starting March 26.

In its previous year-long repurchase program, the company bought 3.1 million shares at an average price of C$42.80, or a total of C$132.1 million.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

March 24, 2026 08:35 ET (12:35 GMT)

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