Stock Buybacks
By The Online Investor Staff, updated Mon., Jan. 24, 10:56 AM
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Slide #12. Aritzia Inc.
Company:
Aritzia Inc. (TSE:ATZ.CA)
Share Amount Authorized:
3,732,725
Buyback Details:
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. Pursuant to the notice, Aritzia may purchase up to 3,732,725 of its subordinate voting shares ("Shares"), representing approximately 5% of the public float of 74,654,507, during the twelve month period commencing January 17, 2022 and ending January 16, 2023. As at January 11, 2022 there were 88,866,274 Shares issued and outstanding. Under the normal course issuer bid, other than purchases made under block purchase exemptions, Aritzia may purchase up to 74,660 Shares on the TSX during any trading day, which represents approximately 25% of 298,643, which represents the average daily trading volume on the TSX for the most recently completed six calendar months prior to the TSX's acceptance of the notice of the NCIB. Any Shares purchased under the normal course issuer bid will be cancelled.
Aritzia is a design house and fashion retailer based in Canada. Co. designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. Co.'s range of women's fashion apparel and accessories addresses a range of style preferences and lifestyle requirements. Co. maintains approximately 79 retail stores. 
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