Metro Inc. (TSX:MRU) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 7,000,000 shares, representing 2.97% of its issued and outstanding share capital. The bid is used as an additional option for using excess funds.

The repurchased shares will be cancelled. The bid will expire on November 24, 2023. As of November 11, 2022, the company had 235 379 356 issued and outstanding shares.