TORONTO, Dec. 7, 2012 /PRNewswire/ - Celestica Inc. (NYSE, TSX: CLS), a global
leader in the delivery of end-to-end product lifecycle solutions, today
announced that it has taken up and paid for 22,435,897 subordinate voting shares ("Shares") at a price of US$7.80 per Share (the "Purchase Price") under Celestica's "modified Dutch
auction" substantial issuer bid to purchase for cancellation up to
US$175,000,000 of its Shares (the "Offer").
The Shares purchased under the Offer represent approximately 12.05% of
the Shares issued and outstanding as of December 3, 2012. After giving
effect to the Offer, as of that date, Celestica had 163,792,303
subordinate voting shares and 18,946,368 multiple voting shares issued
and outstanding.
As the Offer was oversubscribed, successfully tendering shareholders had
approximately 89.95% of their Shares purchased by Celestica, except
that "odd lot" tenders were not subject to pro-ration. Any Shares
tendered and not purchased will be returned to shareholders promptly by
Computershare Investor Services Inc., as depositary for the Offer (the
"Depositary").
Payment and settlement of the purchased Shares will be effected to
registered shareholders by the Depositary in accordance with the Offer.
Scotia Capital Inc. and Scotia Capital (USA) Inc. acted as dealer
managers in connection with the Offer in Canada and the United States,
respectively.
Celestica is authorized to purchase additional Shares from time to time
pursuant to its normal course issuer bid, but under U.S. securities
laws no such additional purchases may be made prior to December 18,
2012.
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 any
challenge. For further information on Celestica, visit our website at www.celestica.com. Celestica's securities filings can also be accessed at www.sedar.com and www.sec.gov.
Safe Harbor and Fair Disclosure Statement
This news release may contain forward-looking statements related to our
plans, objectives, expectations and intentions, including our
expectations regarding the timing of payment and settlement for Shares
to be purchased under the Offer and other statements contained in this
release that are not historical facts. 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
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", "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 applicable Canadian securities legislation. Forward-looking
statements are not guarantees of future performance. These statements
are based on our current beliefs or expectations, including without
limitation, our assumptions, beliefs and expectations regarding
Celestica's capital requirements, market and general economic
conditions, demand for our customers' products and the absence of
unforeseen legal or regulatory developments. These statements are
inherently subject to significant risks, uncertainties and changes in
circumstances, many of which are beyond the control of Celestica. Our
actual results may differ materially from those expressed or implied by
such forward-looking statements, including as a result of changes in
global, political, economic, business, competitive, market and
regulatory factors. These and other risks and uncertainties, as well
as other information related to Celestica, are discussed in our various
public filings at www.sedar.com, including our Annual Report on Form 20-F filed with the Canadian
securities regulators. Forward-looking statements are provided for the
purpose of providing information about management's 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 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.
SOURCE Celestica Inc.