Celestica Inc. (NYSE, TSX: CLS) filed a notice of intention to commence a normal course issuer bid on January 26, 2012. Under the bid, the company will repurchase up to approximately 10% of its public float of its subordinate voting shares. The bid is subject to approval by the TSX. From time-to-time, the company pays cash for the purchase of the subordinate voting shares in the open market by a trustee to satisfy the delivery of such shares to employees upon vesting of the share unit awards under the long-term incentive plans. The program will be valid for a period of 12 months.