Loblaw Companies Limited says it has entered into an automatic share purchase plan (ASPP) to buy common shares of EQB Inc. The announcement follows the closing of Loblaw’s sale of President’s Choice Bank and certain related affiliated entities to EQB. Loblaw also links the plan to a longer-term strategic relationship with EQB.
Under the ASPP, purchases are made automatically in accordance with predetermined terms, following the completion of the transaction. The company frames the share purchases as part of its ongoing relationship with EQB after the PC Financial banking deal.
While both outlets report the same core development—Loblaw’s ASPP to purchase EQB shares after the PC Financial/President’s Choice Bank transaction—details such as the specific number of shares, pricing limits, or duration are not included in the provided excerpts. The move is presented as a post-closing mechanism connected to the completed sale and the continuing strategic partnership with EQB.
