Celestica has received approval to buy back up to 3,132,127 of its common shares over the next year, a program that could retire about 2.5% of its public float. The purchases are discretionary: the company has not committed to buy the full amount, and management will decide whether and when to make them.
The buyback is scheduled to run from November 3, 2026, through November 2, 2027, unless it is completed earlier.
Key details
- Maximum size: Celestica may repurchase up to 3,132,127 shares, based on its public float as of October 20, 2026. The company had 126,111,808 shares outstanding on that date.
- Purchase limits: Under exchange rules, purchases on the Toronto Stock Exchange are generally capped at 109,076 shares per day. A block-purchase exception applies.
- Where and at what price: Purchases may take place on the Toronto or New York stock exchanges, other designated exchanges, alternative Canadian trading systems, or through other permitted means. Shares would be bought at prevailing market prices.
- Funding: Celestica expects to use existing cash, borrowings under its credit facility, or other available debt. Shares it repurchases will be cancelled.
- Blackout-period purchases: The company plans to use an automatic purchase arrangement with a designated broker to allow buying during periods when Celestica would ordinarily be restricted from trading, including regulatory restrictions or company-imposed blackout periods.
- Share-based compensation adjustment: The maximum available for repurchases will be reduced by shares bought by non-independent brokers for delivery under the company’s stock-based compensation plans.
What changes for investors
The approval gives Celestica the option to return capital through share repurchases, but does not ensure that any particular number of shares will be bought. If purchases occur, the shares will be cancelled; the program may be funded partly with debt as well as cash.