Celestica announces TSX acceptance of previously announced normal course issuer bid

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[{"type":"text","content":"\n\n\nTORONTO, Sept. 9, 2014 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global\n leader in the delivery of end-to-end product lifecycle solutions, today\n announced the Toronto Stock Exchange (the TSX) has accepted the\n Company's notice to launch its previously announced Normal Course\n Issuer Bid (the Bid).\n\n\nUnder the Bid, the Company may repurchase on the open market (or as\n otherwise permitted), at its discretion during the period commencing on\n September 11, 2014 and ending on the earlier of September 10, 2015 and\n the completion of purchases under the Bid, up to 10,263,020 subordinate\n voting shares, representing approximately 6.5% of the Company's\n outstanding subordinate voting shares (5.8% of the subordinate voting\n shares and multiple voting shares) and approximately 10% of the \"public\n float\" of the subordinate voting shares (within the meaning of the\n rules of the TSX), subject to the normal terms and limitations of such\n bids. Under the TSX rules, daily purchases will be limited to 73,404\n subordinate voting shares, other than purchases made pursuant to the\n block purchase exception.  The actual number of subordinate voting\n shares which may be purchased pursuant to the Bid and the timing of any\n such purchases will be determined by the management of the Company,\n subject to applicable law and the rules of the TSX.  In accordance with\n the TSX rules, the maximum number of subordinate voting shares which\n may be repurchased for cancellation under the Bid will be reduced by\n the number of subordinate voting shares purchased for delivery pursuant\n to stock-based compensation plans.\n\n\nPurchases are expected to be made through the facilities of the New York\n Stock Exchange and the Toronto Stock Exchange, or such other permitted\n means (including through other published markets), at prevailing market\n prices or as otherwise permitted. The Bid will be funded using existing\n cash resources and any subordinate voting shares repurchased by the\n Company under the Bid will be cancelled.\n\n\nAs of September 2, 2014, the Company had 158,249,989 issued and\n outstanding subordinate voting shares and a \"public float\" (within the\n meaning of the rules of the TSX) of 102,630,207 subordinate voting\n shares.\n\n\nThe Company believes that the purchases are in the best interest of...

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