TORONTO, Oct. 24, 2014 /PRNewswire/ - Celestica Inc.
(NYSE, TSX: CLS), a global leader in the delivery of end‑to‑end
product lifecycle solutions, today announced that Craig Muhlhauser, President & Chief
Executive Officer, has entered into an automatic securities
disposition plan (ASDP). The ASDP was designed to comply with
Rule 10b5-1 under the Securities Exchange Act of 1934, as amended,
and applicable Canadian provincial securities laws.
The ASDP provides for the sale by an independent broker of up to
274,992 subordinate voting shares between November 23, 2014 and October 30, 2015, pursuant to pre-determined
timing and other criteria, and subject to minimum price thresholds
specified in the plan. Mr. Muhlhauser is also subject to meaningful
restrictions on his ability to modify, amend or terminate the
plan.
An ASDP permits an insider, at a time when such insider is not
in possession of material non-public information regarding an
issuer, to establish a pre-arranged plan to sell securities of the
issuer on an automatic basis, regardless of whether trading
restrictions are subsequently imposed or the insider subsequently
receives material non-public information regarding the issuer or
its securities. Once an ASDP is established, the insider is not
permitted to exercise any further discretion or influence over how,
whether or when dispositions will occur pursuant to the plan and
may not transmit material non-public information regarding the
issuer or its securities to the broker under the ASDP.
Dispositions pursuant to the plan will be reported by Mr.
Muhlhauser in accordance with applicable securities laws.
Except as may be required by law, Celestica does not undertake
to report on specific pre-planned stock trading plans of its
insiders, nor to report on the modification or termination of such
plans.
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 about Celestica, visit our website at
www.celestica.com. Our securities filings can also be accessed at
www.sedar.com and www.sec.gov.
Celestica Safe Harbor and Fair Disclosure
Statement
Statements contained in this press release which are not
historical facts are forward-looking statements. Such
forward-looking statements are predictive in nature, and may be
based on current expectations, forecasts or assumptions involving
risks and uncertainties that could cause actual outcomes and
results to differ materially from the forward-looking statements
themselves. Such forward-looking statements include statements
regarding the future disposition of subordinate voting shares under
the ASDP and reporting thereof under applicable securities laws,
and may, without limitation, be preceded by, followed by, or
include words such as "believes", "expects", "anticipates",
"estimates", "intends", "plans", or similar expressions, or may
employ such future or conditional verbs as "may", "might", "will",
"could", "should", or "would", or may otherwise be indicated as
forward-looking statements by grammatical construction, phrasing or
context. For those statements, we claim the protection of the safe
harbor for forward-looking statements contained in the U.S. Private
Securities Litigation Reform Act of 1995 and in any applicable
Canadian securities legislation. Forward looking statements are not
guarantees of future performance and are based on various
assumptions, many of which involve factors that are beyond our
control. Risks and uncertainties, as well as other information
related to the Company, are discussed in the Company's various
public filings at www.sedar.com and www.sec.gov, including our
Annual Report on Form 20-F and subsequent reports on Form 6-K filed
with or furnished to (as applicable) the Securities and Exchange
Commission and our Annual Information Form filed with the Canadian
Securities Administrators. Forward-looking statements are provided
for the purpose of providing information about current expectations
and plans relating to the future. Readers are cautioned that such
information may not be appropriate for other purposes. Except as
required by law, we disclaim any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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SOURCE Celestica Inc.