03:51:29 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Celestica Inc
Symbol CLS
Shares Issued 119,041,272
Close 2023-12-11 C$ 37.60
Market Cap C$ 4,475,951,827
Recent Sedar Documents

Celestica receives TSX acceptance of NCIB

2023-12-12 11:54 ET - News Release

An anonymous director reports

CELESTICA ANNOUNCES TSX ACCEPTANCE OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange (TSX) has accepted Celestica Inc.'s notice to launch a normal course issuer bid.

Under the bid, the company may, and intends to, repurchase on the open market, at its discretion during the period commencing on Dec. 14, 2023, and ending on the earlier of Dec. 13, 2024, and the completion of purchases under the bid, up to 11,763,330 subordinate voting shares, representing approximately 9.9 per cent of the issued and outstanding subordinate voting shares and approximately 10 per cent of the public float (within the meaning of the rules of the TSX), subject to the normal terms and limitations of such bids. Under the TSX rules, the average daily trading volume of the subordinate voting shares on the TSX during the six months ended Nov. 30, 2023, was approximately 367,542 and, accordingly, daily purchases on the TSX pursuant to the bid will be limited to 91,885 subordinate voting shares, other than purchases made pursuant to the block purchase exception. The actual number of subordinate voting shares which may be purchased pursuant to the bid and the timing of any such purchases will be determined by the management of the company, subject to applicable law and the rules of the TSX. In accordance with the TSX rules, the maximum number of subordinate voting shares which may be repurchased for cancellation under the bid will be reduced by the number of subordinate voting shares purchased by non-independent brokers for delivery pursuant to stock-based compensation plans.

Purchases are expected to be made through the facilities of TSX, the New York Stock Exchange, other designated exchanges and/or alternative Canadian trading systems, or by such other means as may be permitted by the Ontario Securities Commission or other applicable Canadian Securities Administrators, at prevailing market prices, including through one or more automatic share purchase plans. The bid will be financed using existing cash resources and draws on its credit facility, and any subordinate voting shares repurchased by the company under the bid will be cancelled.

As of Nov. 29, 2023, the company had 119,041,272 issued and outstanding subordinate voting shares and a public float (within the meaning of the rules of the TSX) of 117,633,300 subordinate voting shares.

The company believes that the purchases are in the best interest of the company and constitute a desirable use of its funds.

The company previously implemented a normal course issuer bid for its subordinate voting shares which expires on Dec. 12, 2023. Under its prior bid, the company was authorized to purchase up to 8,776,134 subordinate voting shares and repurchased and cancelled 2,792,748 subordinate voting shares (through Nov. 30, 2023) at a weighted average price of $13.14 (U.S.) per share.

About Celestica Inc.

Celestica enables the world's best brands. Through its recognized customer-centric approach, the company partners with leading companies in aerospace and defence, communications, enterprise, healthtech, industrial, and capital equipment to deliver solutions for their most complex challenges. As a leader in design, manufacturing, hardware platform and supply chain solutions, Celestica brings global expertise and insight at every stage of product development -- from the drawing board to full-scale production and after-market services. With talented teams across North America, Europe and Asia, Celestica imagines, develops and delivers a better future with its customers.

We seek Safe Harbor.

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