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Loblaw Companies Limited Enters into Automatic Share Purchase Plan to Purchase Common Shares of EQB
The broker may buy up to 10.6 million EQB shares, or 24.9% of the issuer, under the plan.
- Loblaw Companies Limited announced yesterday an automatic share purchase plan to acquire EQB Common Shares following the sale of Choice Bank to EQB Inc.
- This strategic move follows the recent closing of EQB's acquisition of Financial, which also added two Loblaw nominees to the EQB board.
- Under the ASPP, Loblaw's broker may acquire up to 10.6 million shares, or 24.9% of outstanding EQB Common Shares, increasing the company's equity stake in the Issuer.
- EQB and Loblaw will begin transitioning Bank clients to the EQB Bank platform in coming months, cementing EQB's role as exclusive financial partner of the Optimum loyalty program.
- Exemptive relief granted by The Ontario Securities Commission allows Loblaw to purchase additional EQB Common Shares at its discretion outside the ASPP framework.
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Loblaw enters into EQB share purchase plan following PC Financial deal
Loblaw Cos. Ltd. has announced it has entered into an automatic share purchase plan to acquire common shares of EQB Inc. Under the share purchase plan, Loblaw's broker may acquire up to a maximum number of EQB common shares that, when combined with shares already purchased, equates to the lesser of ...
·Kelowna, Canada
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The Toronto Star+8 Reposted by 8 other sources
Loblaw Companies Limited Enters into Automatic Share Purchase Plan to Purchase Common Shares of EQB
BRAMPTON, Ontario, July 14, 2026 (GLOBE NEWSWIRE) -- Loblaw Companies Limited (TSX: L; “Loblaw”) announced today that, in connection with the closing of the sale of President’s Choice Bank and certain other affiliated entities to EQB Inc. (“EQB”) and long-term…
·Toronto, Canada
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Total News Sources12
Leaning Left6Leaning Right3Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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