Celestica announces TSX approval of previously announced Normal Course Issuer Bid
Under the Bid, the Company may repurchase on the open market, at its
discretion during the period commencing on
Purchases are expected to be made through the facilities of the
The Company believes that the purchases are in the best interest of the Company and constitute a desirable use of its funds.
The Company previously implemented a normal course issuer bid for its
subordinate voting shares which expired on
Safe Harbor and Fair Disclosure Statement
This news release contains forward-looking statements related to the Company's intention to commence the Bid and the timing and quantity of any purchases of subordinate voting shares under the Bid. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as "believes", "expects", "anticipates", "estimates", "intends", "plans", "continues", or similar expressions, or may employ such future or conditional verbs as "may", "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 applicable Canadian securities laws.
Forward-looking statements are provided for the purpose of assisting
readers in understanding management's current expectations and plans
relating to the future. Readers are cautioned that such information may
not be appropriate for other purposes. Forward-looking statements are
not guarantees of future performance and are subject to risks that
could cause actual results to differ materially from conclusions,
forecasts or projections expressed in such statements, including, among
others, risks related to: our customers' ability to compete and succeed
in the marketplace with the products we manufacture; price and other
competitive factors generally affecting the EMS industry; managing our
operations and our working capital performance during uncertain
economic conditions; customer concentration and the challenges of
diversifying our customer base and replacing revenue from lost programs
or customer disengagements; changing commodity, material and component
costs, as well as labor costs and conditions; disruptions to our
operations, or those of our customers, component suppliers or logistics
partners, including as a result of world or local events outside our
control; non-performance by counterparties; our financial exposure to
foreign currency volatility; and increasing income taxes, increased
levels and scrutiny of tax audits globally, and defending our tax
positions or meeting the conditions of tax incentives and credits.
These and other risks are discussed in our public filings at www.sedar.com and www.sec.gov, including our Management's Discussion and Analysis of Financial
Condition and Results of Operations, our Annual Report on Form 20-F and
subsequent reports on Form 6-K filed with the
The forward-looking statements contained in this press release are based on various assumptions many of which involve factors that are beyond our control. The material assumptions include those related to the following: the Company's view with respect to the Company's financial condition and prospects; the availability of cash for repurchases of outstanding subordinate voting shares under the Bid; the existence of alternative uses for the Company's cash resources which may be superior to effecting repurchases under the Bid; and compliance with applicable laws and regulations pertaining to the Bid. While management believes these assumptions to be reasonable under the current circumstances, they may prove to be inaccurate. Except as required by applicable 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.
All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
Celestica Global Communications
Celestica Investor Relations