CCL Industries Inc. Announces TSX Acceptance of Normal Course Issuer Bid

CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B) has announced that the Toronto Stock Exchange (TSX) has accepted its notice to commence a normal course issuer bid (the "Bid"). The company is authorized to acquire up to 14,750,000 Class B non-voting shares, representing about 9.93% of the public float as of May 15, 2024. The Bid will not include Class A voting shares.

All acquisitions will occur through the TSX and acquired shares will be canceled. Except for block purchases, daily acquisitions are capped at 67,024 shares. For the period ending April 30, 2024, the average daily trading volume was 268,097 shares. The Bid will run from May 25, 2024, to May 24, 2025.

Previous issuer bid results showed 87,305 Class B shares purchased as of May 15, 2024, at an average price of $58.87 per share. As of the same date, 167,585,919 Class B shares were issued, with a public float of 148,547,448.