Celestica Announces TSX Acceptance of Normal Course Issuer Bid

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TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) — Celestica Inc. (NYSE: CLS) (TSX: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world’s most innovative companies, today announced that the Toronto Stock Exchange (the “TSX”) has accepted the Company’s notice to launch a Normal Course Issuer Bid (the “Bid”).

Under the Bid, the Company may, and intends to, repurchase on the open market, at its discretion during the period commencing on December 14, 2023 and ending on the earlier of December 13, 2024 and the completion of purchases under the Bid, up to 11,763,330 subordinate voting shares, representing approximately 9.9% of the issued and outstanding subordinate voting shares and approximately 10.0% 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 November 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…