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)
Copyright (c) 2026 Dow Jones & Company, Inc.
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