CCL Industries Inc. Announces Renewal of Normal Course Issuer Bid and Approval of Automatic Securities Purchase Plan

TORONTO, ON / ACCESS Newswire / May 22, 2026 / CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B) ("the Company" or "CCL"), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today that the Toronto Stock Exchange ("TSX") has accepted a notice filed by the Company to proceed with the renewal of its normal course issuer bid (the "Bid"). Under the Bid, the Company is authorized to acquire up to 14,100,000 of its Class B non-voting shares, being approximately 10.00% of the public float of the Class B non-voting shares as of May 14, 2026. 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 82,237 Class B non-voting shares. The average TSX daily trading volume for the six-month period ended April 30, 2026, was 328,951 Class B non-voting shares.

The Bid will commence on May 26, 2026, and end no later than May 25, 2027. CCL's management believe that such purchases are an appropriate and desirable use of available funds.

The Company also announced today that, in connection with its intention to renew the Bid, the Company has received TSX approval to enter into an automatic securities purchase plan (the "ASPP") with a designated broker to allow for the purchase of Class B non-voting shares under the Bid during predetermined times when the Company would ordinarily not be permitted to purchase shares due to customary blackout periods. Purchases under the ASPP will be made by the Company's broker based upon parameters set by the Company when it is not in possession of any material non-public information about itself and its securities, and in accordance with the terms of the ASPP. Outside of predetermined blackout periods, Class B non-voting shares may be purchased under the Bid based on management's discretion, in compliance with TSX rules and applicable securities laws.

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