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Celestica Announces Intention to Launch Normal Course Issuer Bid
Celestica Announces Intention to Launch Normal Course Issuer Bid Celestica Announc...
About this update from Celestica Inc.
[{"type":"text","content":"\n\n\n\nCelestica Announces Intention to Launch Normal Course Issuer Bid\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nCelestica Announces Intention to Launch Normal Course Issuer Bid\nCanada NewsWire\nTORONTO, Feb. 9, 2016\n\n\n\nTORONTO, Feb. 9, 2016 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced that it intends to file with the Toronto Stock Exchange (TSX) a notice of intention to commence a new normal course issuer bid (NCIB) during the first quarter of 2016. If this notice is accepted by the TSX, the Company expects to repurchase for cancellation, at its discretion during the 12 months following such acceptance, up to 10% of the \"public float\" (calculated in accordance with the rules of the TSX) of the Company's issued and outstanding subordinate voting shares.  Purchases under the NCIB will be conducted in the open market or as otherwise permitted, subject to the terms and limitations to be applicable to such NCIB. The Company believes that the NCIB will be in the best interest of the Company and constitutes a desirable use of its funds.\n\nAbout Celestica\n\nCelestica 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 complex challenges. \n\nFor further information about Celestica, visit www.celestica.com. The Company's securities filings can also be accessed at www.sedar.com and www.sec.gov.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains forward-looking statements, including those related to the Company's intention to comm...