CCL Industries Inc. Renews Issuer Bid and Secures Purchase Plan Approval

CCL Industries Inc., a leading company in specialty labels and packaging, announced its plan to renew its normal course issuer bid, allowing the acquisition of up to 14.1 million Class B non-voting shares. The Toronto Stock Exchange approved the move, representing about 10% of the public float as of May 14, 2026. These shares will be acquired through TSX facilities and subsequently canceled.

The bid will start on May 26, 2026, and run until May 25, 2027. CCL management considers this an effective use of funds. Additionally, CCL received approval for an automatic securities purchase plan (ASPP), enabling share purchases during customary blackout periods through a designated broker.

Previously, CCL purchased over 4.2 million Class B shares at an average price of $82.88, with all purchases completed on the open market and shares subsequently canceled.