VANCOUVER, May 31, 2018 /PRNewswire/ - Aritzia Inc.
("Aritzia" or the "Company") (TSX: ATZ) today announced that, in
connection with its previously announced normal course issuer bid
("NCIB") to purchase up to 5,429,658 of its subordinate voting
shares ("Shares"), it entered into an automatic share purchase plan
("ASPP") with a designated broker. The ASPP is intended to
allow for the purchase of Shares under the NCIB at times when
Aritzia would ordinarily not be permitted to purchase shares due to
regulatory restrictions and customary self-imposed blackout
periods.
Pursuant to the ASPP, before entering into a blackout period,
the Company may, but is not required to, instruct the designated
broker to make purchases under the NCIB in accordance with the
terms of the ASPP. Such purchases will be determined by the
designated broker at its sole discretion based on purchasing
parameters set by Aritzia in accordance with the rules of the
Toronto Stock Exchange ("TSX"), applicable securities laws and the
terms of the ASPP. The ASPP has been pre-cleared by the TSX
and will be implemented today.
Outside of pre-determined blackout periods, Shares may be
purchased under the NCIB based on management's discretion, in
compliance with TSX rules and applicable securities laws. The
NCIB commenced on May 15, 2018 and
ends on May 14, 2019. All
purchases made under the ASPP will be included in computing the
number of Shares purchased under the NCIB.
About Aritzia
Aritzia is a vertically integrated, innovative design house of
fashion brands. The Company designs apparel and accessories for its
collection of exclusive brands. The Company's expansive and diverse
range of women's fashion apparel and accessories addresses a broad
range of style preferences and lifestyle requirements. Aritzia is
well known and deeply loved by its customers in Canada with growing customer awareness and
affinity in the United States and
outside of North America. Aritzia
aims to delight its customers through an aspirational shopping
experience and exceptional customer service that extends across its
more than 85 retail stores and eCommerce business,
aritzia.com.
Forward-looking statement
Certain information
contained in this press release may constitute forward-looking
information under applicable securities laws, including statements
related to the Company's NCIB and ASPP and other statements that
are not historical facts. This information is based on management's
reasonable assumptions and beliefs in light of the information
currently available to us and are made as of the date of this press
release. However, we do not undertake to update any such
forward-looking information whether as a result of new information,
future events or otherwise, except as required under applicable
securities laws in Canada. Actual
results and the timing of events may differ materially from those
anticipated in the forward-looking information as a result of
various factors, including those described in "Risk Factors" which
are described in the Company's annual information form dated
May 10, 2018 for the fiscal year
ended February 25, 2018 (the
"AIF"). The Company cautions that the list of risk factors
and uncertainties is not exhaustive and other factors could also
adversely affect its results. Readers are urged to consider the
risks, uncertainties and assumptions carefully in evaluating the
forward-looking information and are cautioned not to place undue
reliance on such information. See
"Forward-looking Information" and "Risk Factors" in the AIF
for a discussion of the uncertainties, risks and assumptions
associated with these statements.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this statement.
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SOURCE Aritzia Inc.
