Subsequent Events

3 Months Ended

Mar. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

Note 15—Subsequent Events

On May 1, 2018, our board of directors approved a share repurchase program for up to $50 million of Cott’s outstanding common shares over a 12-month period commencing on May 7, 2018. We are unable to predict the number of common shares that ultimately will be repurchased under the share repurchase program, or the aggregate dollar amount of the common shares actually purchased. We may discontinue purchases at any time, subject to compliance with applicable regulatory requirements. Common shares purchased under the share repurchase program will be cancelled.

On May 1, 2018, our board of directors declared a dividend of $0.06 per share on common shares, payable in cash on June 13, 2018 to shareowners of record at the close of business on June 1, 2018.