CCL Industries Plans Renewal of Share Repurchase Program

CCL Industries Inc., a leader in specialty labels and packaging, announced plans to renew its normal course issuer bid (NCIB) to repurchase Class B non-voting shares. This move will be executed following a filing with the Toronto Stock Exchange. In tandem, CCL will adopt an automatic securities purchase plan to facilitate share buybacks during blackout periods.

Subject to approval, CCL aims to buy back up to 14.1 million shares over 12 months, equivalent to about 9.96% of its public float. There is no guarantee on the exact number of shares to be repurchased. The current NCIB, set to expire on May 25, 2026, facilitated the purchase of over 4.2 million shares at an average price of $82.84 each.