Pet Valu Holdings Ltd. (TSX:PET) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 1,786,599 shares, representing 2.50% of its outstanding share capital. The purpose of repurchase program is to provide additional flexibility to manage capital and generate value for shareholders.

The repurchased shares will be cancelled. The bid will continue through November 29, 2024. As of November 16, 2023, the company had 71,463,986 shares outstanding.