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Celestica Announces TSX Acceptance of Normal Course Issuer Bid
Globenewswireยท 2025-10-30 11:15
Core Viewpoint - Celestica Inc. has announced the initiation of a Normal Course Issuer Bid to repurchase up to 5,722,527 common shares, representing approximately 5.0% of its public float, as part of its strategy to utilize funds effectively and enhance shareholder value [1][2][5]. Summary by Sections Normal Course Issuer Bid Details - The Bid will commence on November 3, 2025, and will conclude on the earlier of November 2, 2026, or upon completion of the share purchases [2]. - The maximum daily repurchase limit is set at 221,734 common shares based on the average daily trading volume of 886,938 shares over the past six months [3]. Financial Implications - The repurchases will be funded through existing cash resources and potential draws on the company's credit facility [4]. - As of October 20, 2025, Celestica had 115,036,621 issued and outstanding common shares, with a public float of 114,450,556 shares [5]. Previous Issuer Bid Performance - The company previously executed a normal course issuer bid that is set to expire on October 31, 2025, under which it repurchased and canceled 1,522,831 shares at a weighted average price of US$92.26 per share [6]. Company Overview - Celestica is recognized as a technology leader specializing in data center infrastructure and advanced technology solutions, focusing on AI, cloud, and hybrid cloud markets [7].