VANCOUVER, BC, May 18, 2022
/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 3,732,725 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, the Company has instructed 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 January 17, 2022 and
ends on January 16, 2023. 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 design house with an
innovative global platform. We are creators and purveyors of
Everyday Luxury, home to an extensive portfolio of exclusive brands
for every function and individual aesthetic. We're about good
design, quality materials and timeless style – all with the
wellbeing of our people and planet in mind. We call this Everyday
Luxury.
Founded in 1984, in Vancouver,
Canada, we pride ourselves on creating immersive, and highly
personal shopping experiences at aritzia.com and in our 100+
boutiques throughout North America
to everyone, everywhere.
Everyday Luxury. To elevate your
world.TM
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 5th, 2022 for the fiscal year
ended February 27, 2022 (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.
