VANCOUVER, Aug. 30, 2019 /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 3,624,915 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 July 16, 2019 and ends
on July 15, 2020. 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 clients in Canada with growing
client awareness and affinity in the
United States and outside of North
America. Aritzia aims to delight its clients through an
aspirational shopping experience and exceptional client service
that extends across its more than 90 boutiques 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 9, 2019 for the fiscal year ended
March 3, 2019 (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.
