Celestica announces TSX acceptance of early renewal of NCIB

Celestica (CLS) has terminated its existing normal course issuer bid, which commenced on December 14, 2023 and had an expiry date of December 13, 2024, and the Toronto Stock Exchange has accepted the Company’s notice to launch a Normal Course Issuer Bid. Under the Existing Bid, the Company repurchased and cancelled a total of 2,923,323 common shares, through the facilities of the TSX or by such other permitted means, out of the 11,763,330 common shares it was authorized to repurchase, for at a weighted average price of US$43.28 per share. As a result of the early termination and renewal of the Existing Bid, the 2,923,323 common shares purchased under the Existing Bid will be deducted from the New Bid’s annual limit as per the requirements of the TSX. Under the New Bid, the Company may repurchase on the open market, at its discretion during the period commencing on November 1, 2024 and ending on the earlier of October 31, 2025 and the completion of purchases under the New Bid, up to 8,609,693 common shares, representing approximately 10.0% of the “public float” as at October 18, 2024 less the 2,923,323 common shares purchased under the Existing Bid, subject to the normal terms and limitations of such bids.