Celestica (TSE:CLS) has released an update.
Celestica Inc. has announced a significant amendment to its corporate structure, effective April 25, 2024, which includes the elimination of Multiple Voting Shares and the re-designation of Subordinate Voting Shares as Common Shares. The capital structure post-amendment will consist of an unlimited number of Common and Preferred Shares, with the latter having rights that rank senior to the Common Shares in dividends and liquidation preference. Additionally, any creation or issuance of new classes of shares with general voting rights, beyond Common Shares, will require a two-thirds affirmative vote from Common Shareholders.
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