TORONTO, July 22, 2014 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global
leader in the delivery of end-to-end product lifecycle solutions, today
announced that it completed a program share repurchase (a PSR) under
its Normal Course Issuer Bid.
Pursuant to an agreement between the Company and Citibank, N.A., Canada
Branch (the Bank) and the terms and conditions of an exemptive relief
order of the Ontario Securities Commission, the Company has cancelled
1,396,832 subordinate voting shares purchased from the Bank at a price
of US$12.17 per share, being the arithmetic average of the
volume-weighted average price per share of the Company's subordinate
voting shares on the New York Stock Exchange for each trading day
during the term of the PSR, less a negotiated discount. The Bank had
acquired these subordinate voting shares for its own account during the
term of the PSR for the purpose of fulfilling its delivery obligations
to the Company under the PSR and all purchases by the Bank were
conducted independently of the Company.
The Company's current Normal Course Issuer Bid commenced on August 7,
2013 and authorized purchases of up to 9,842,021 subordinate voting
shares during the period ending August 6, 2014.
Celestica is dedicated to delivering end-to-end product lifecycle
solutions to drive our customers' success. Through our simplified
global operations network and information technology platform, we are
solid partners who deliver informed, flexible solutions that enable our
customers to succeed in the markets they serve. Committed to providing
a truly differentiated customer experience, our agile and adaptive
employees share a proud history of demonstrated expertise and
creativity that provides our customers with the ability to overcome
For further information on Celestica, visit our website at http://www.celestica.com. Our securities filings can also be accessed at http://www.sedar.com and http://www.sec.gov.
SOURCE: Celestica Inc.
For further information:
Celestica Global Communications
Celestica Investor Relations