TORONTO, July 22, 2014 /PRNewswire/ - 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.
About Celestica
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 complex challenges.
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.