CCL Industries announces TSX acceptance of normal course issuer bid

CCL Industries (CCDBF) announced that the Toronto Stock Exchange has accepted a notice filed by the Company to commence a normal course issuer bid. Under the Bid, the Company is authorized to acquire up to 14,450,000 of its Class B non-voting shares, being approximately 9.95% of the public float of the Class B non-voting shares as of May 13. No Bid is proposed to be made for the Company’s Class A voting shares. All purchases will be made through the facilities of and in accordance with the rules of the TSX and all Class B non-voting shares purchased will be cancelled. Except where reliance is placed on the TSX’s block purchase exemption, the maximum number of Class B non-voting shares that could be purchased under the Bid on any trading day will be limited to 77,948 Class B non-voting shares. The average TSX daily trading volume for the six-month period ended April 30, was 311,793 Class B non-voting shares. The Bid will commence on May 26, and end no later than May 25, 2026. CCL’s management believes that such purchases are an appropriate and desirable use of available funds.