Wegmans Holdings Berhad (KLSE:WEGMANS) commences share repurchases on June 6, 2023, under the program mandated by the Annual General Meeting held on May 25, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company's holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. .

The program will be financed via internally generated funds and/or external borrowings. The company may cancel all the shares so purchased, retain the shares repurchased in treasury or retain part of the purchased shares as treasury shares and cancel the remainder of the them. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting.