Business
ARITZIA ANNOUNCES NORMAL COURSE ISSUER BID
ARITZIA ANNOUNCES NORMAL COURSE ISSUER BID Canada NewsWire VANCOUVER, BC ...
About this update from Aritzia, Inc.
[{"type":"text","content":"\n\n\n\n ARITZIA ANNOUNCES NORMAL COURSE ISSUER BID\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 5, 2025\n \n\n /CNW/ - Aritzia Inc. (\"Aritzia\" or the \"Company\") (TSX: ATZ) today announced that the Toronto Stock Exchange (\"TSX\") has accepted its notice of intention to proceed with a normal course issuer bid (\"NCIB\").\n \n\n\n\n\n\n\n\n\n Pursuant to the NCIB, Aritzia may purchase up to 4,226,994 of its subordinate voting shares (\"Shares\"), representing approximately 5% of the public float of 84,539,881 Shares as at\n \n April 30, 2025\n \n , during the twelve-month period commencing\n \n May 7, 2025\n \n and ending\n \n May 6, 2026\n \n . As at\n \n April 30, 2025\n \n , there were 94,751,567 Shares issued and outstanding. Under the NCIB, other than purchases made under block purchase exemptions, Aritzia may purchase up to 153,356 Shares on the TSX during any trading day, which represents approximately 25% of the average daily trading volume on the TSX for the most recently completed six calendar months (being 613,425 Shares) prior to the TSX's acceptance of the notice of the NCIB. Any Shares purchased under the NCIB will be cancelled.\n \n\n Aritzia's Board of Directors believes that an NCIB represents an appropriate and desirable use of its available cash, after prioritizing investments in boutiques and strategic infrastructure, to increase shareholder value and is in the best interest of Aritzia and its shareholders. As at\n \n March 2, 2025\n \n , the Company had approximately\n \n $286 million\n \n of cash and cash equivalents.  Any purchases made under the NCIB will be made by Aritzia subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and/or alternative Canadian trading systems.\n \n\n Although the Company presently intends to purchase Shares under its NCIB, there can be no assurances that any such purchases will be completed. Any purchases made under NCIB will be made by Aritzia at the p...