TORONTO, Jan. 30, 2015 /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 4,391,782 subordinate voting shares purchased from the Bank at a price of approximately US$11.38 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 September 11, 2014 and authorized purchases of up to 10,263,020 subordinate voting shares during the period ending September 10, 2015.
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.
SOURCE Celestica Inc.