Metro Inc. announces plan to buy back shares through private agreements

Metro Inc. announces plan to buy back shares through private agreements 
MONTREAL, Jan. 29, 2013 /CNW Telbec/ - Metro Inc. ("Metro") (TSX: MRU) 
announced today that it intends to purchase for cancellation up to 2,000,000 
of its Common Shares pursuant to private agreements between Metro and two 
arm's-length third-party sellers. Such purchases will be made pursuant to an 
issuer bid exemption order issued by the Ontario Securities Commission and 
will take place on or before April 30, 2013. The price that Metro will pay for 
any Common Shares purchased by it under such agreements will be negotiated by 
Metro and each of the sellers and will be at a discount to the prevailing 
market price of Metro's Common Shares on the Toronto Stock Exchange at the 
time of the purchase. 
The said purchases will form part of Metro's 6-million share repurchase 
program announced on September 8, 2010 and renewed on September 6, 2012. This 
repurchase program was amended on November12, 2010 to allow for purchases 
outside the facilities of the TSX pursuant to exemption orders issued by a 
securities regulatory authority. Under the amended terms of the share 
repurchase program, Metro may purchase Common Shares for cancellation by way 
of private agreements under an issuer bid exemption order issued by a 
securities regulatory authority and such purchases will be at a discount to 
the prevailing market price as provided in the exemption order. 
Forward-looking Information 
We have used, throughout this press release, different statements that could, 
within the context of regulations issued by the Canadian Securities 
Administrators, be construed as being forward-looking information. In general, 
any statement contained herein, which does not constitute a historical fact, 
may be deemed a forward-looking statement. Expressions such as "continue", 
"intends", "conditions", "expected" and other similar expressions are 
generally indicative of forward-looking statements. The forward-looking 
statements that could be contained herein are based upon certain assumptions 
regarding the Canadian food industry, the general economy, our annual budget, 
as well as our 2013 action plan. These forward-looking statements do not 
provide any guarantees as to the future performance of the Corporation and are 
subject to potential risks, known and unknown, as well as uncertainties that 
could cause the outcome to differ significantly. An economic slowdown or 
recession, or the arrival of a new competitor, are examples described under 
the "Risk Management" section of the 2012 Annual Report which could have an 
impact on these statements. We believe these statements to be reasonable and 
pertinent as at the date of publication of this press release and represent 
our expectations. The Corporation does not intend to update any 
forward-looking statement contained herein, except as required by applicable 
Metro Inc.
With annual sales of over $12 billion and over 65,000 employees, Metro Inc. is 
a leader in the food and pharmaceutical sectors in Québec and Ontario, where 
it operates a network of more than 600 food stores under several banners 
including Metro, Metro Plus, Super C and Food Basics, as well as over 250 
drugstores under the Brunet, The Pharmacy and Drug Basics banners. 
François Thibault Senior Vice-President and Chief Financial Officer 514 
Roberto Sbrugnera Senior Director Treasury, Risk and Investor Relations 514 
To view this news release in HTML formatting, please use the following URL: 
ST: Quebec
-0- Jan/29/2013 16:31 GMT
Press spacebar to pause and continue. Press esc to stop.