Final Short Form Prospectus Accessible through SEDAR+
/NOT FOR DISTRIBUTION IN THE UNITED STATES/
VANCOUVER, B.C.,
February 25, 2025 –
Aritzia Inc. ("Aritzia" or the "Company")
(TSX: ATZ), a design house with an innovative global platform, today
announced that, in connection with the previously announced bought deal
secondary offering by Brian Hill, Founder and Executive Chair of Aritzia,
together with certain entities owned and/or controlled, directly or
indirectly, by him, or him and his immediate family (the “Selling Shareholders”), Aritzia has filed a final short form prospectus dated February
25, 2025 (the "Final Prospectus") with the securities
commissions or other similar regulatory authorities in each of the provinces
and territories of Canada, except Québec, and has obtained a receipt
therefor.
The Final Prospectus qualifies the distribution of 1,045,000 subordinate
voting shares (which includes the 95,000 subordinate voting shares subject
to the over-allotment option which was exercised in full by the underwriters
on February 20, 2025) of the Company (the "Shares") at a
price of $69.85 per Share for total gross proceeds to the Selling
Shareholders of $72,993,250 (the "Offering").
Closing of the Offering is expected to occur on or about February 28, 2025
and is subject to customary closing conditions.
Access to the Final Prospectus and any amendment thereto is provided in
accordance with securities legislation relating to procedures for providing
access to a prospectus and any amendment. The Final Prospectus is accessible
on the System for Electronic Data Analysis and Retrieval +
("SEDAR+") at
www.sedarplus.com. An electronic or
paper copy of the Final Prospectus and any amendment may be obtained,
without charge, from CIBC Capital Markets, 161 Bay Street, 5th Floor,
Toronto, ON M5J 2S8 or by telephone at 416-956-6378 or by email at
mailbox.canadianprospectus@cibc.com
by providing the contact with an email address or address, as applicable.
Prospective investors should read the Final Prospectus in its entirety
before making an investment decision.
No securities regulatory authority has either approved or disapproved of the
contents of this news release. The Shares have not been registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Accordingly, the Shares may not be
offered or sold within the United States unless registered under the U.S.
Securities Act and applicable state securities laws or pursuant to
exemptions from the registration requirements of the U.S. Securities Act and
applicable state securities laws. This news release does not constitute an
offer to sell or a solicitation of an offer to buy any securities of Aritzia
in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Aritzia
Aritzia is a 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.
Founded in 1984 in Vancouver, Canada, we pride ourselves on creating
immersive, highly personalized shopping experiences at aritzia.com and in
our 125+ boutiques throughout North America — for everyone,
everywhere.
Our Approach
Aritzia means style, not trend, and quality over everything. We treat each
in-house label as its own atelier, united by premium fabrics, meticulous
construction and an of-the-moment point of view. We handpick fabrics from
the world's best mills for their feel, function and ability to last. We
obsess over proportion, fit and that just-right silhouette. From
hand-painted prints to the art of pocket placement, our innovative design
studio considers and reconsiders each detail to create essentials you'll
reach for again, and again, and again.
Everyday Luxury. To elevate your world. TM
Forward-looking Information
Certain statements made in this press release may constitute forward-looking
information under applicable securities laws, including statements regarding
the Offering, including the expected closing date of the Offering.
Particularly, information regarding our expectations of future results,
targets, performance achievements, intentions, prospects, opportunities or
other characterizations of future events or developments in the markets in
which we operate is forward-looking information. Often but not always,
forward-looking statements can be identified by the use of forward-looking
terminology such as "plans", "targets", "expects", "is expected", "an
opportunity exists", "budget", "scheduled", "estimates", "outlook",
"forecasts", "projection", "prospects", "strategy", "intends",
"anticipates", "believes", or positive or negative variations of such words
and phrases or state that certain actions, events or results "may", "could",
"would", "might", "will", "will be taken", "occur", "continue", or "be
achieved". Statements containing forward-looking information are not
historical facts nor assurances of future performance but instead represent
our current expectations, estimates and projections regarding future events
or circumstances. Readers are cautioned that such information may not be
appropriate for other purposes. Although the Company believes that the
forward-looking statements are based on information, assumptions and beliefs
that are current, reasonable, and complete, such information is necessarily
subject to a number of business, economic, competitive and other risk
factors that could cause actual results to differ materially from
management's expectations and plans as set forth in such forward-looking
information.
Given the current challenging operating environment, there can be no
assurances regarding: (a) the macroeconomic impacts on Aritzia's business,
operations, labour force, supply chain performance and growth strategies;
(b) Aritzia's ability to mitigate such impacts, including ongoing measures
to enhance short-term liquidity, contain costs and safeguard the business;
(c) general economic conditions and impacts to consumer discretionary
spending and shopping habits (including impacts from changes to interest
rate environments); (d) credit, market, currency, commodity market,
inflation, interest rates, global supply chains, operational, and liquidity
risks generally; (e) geopolitical events including no unforeseen changes in
applicable duties, tariffs and trade restrictions; (f) public health related
limitations or restrictions that may be placed on servicing our clients or
the duration of any such limitations or restrictions; and (g) other risks
inherent to Aritzia's business and/or factors beyond its control which could
have a material adverse effect on the Company.
Many factors could cause our actual results, performance, achievements or
future events or developments to differ materially from those expressed or
implied by the forward-looking statements, including, without limitation,
the factors discussed in the "Risk Factors" section of the Company's annual
information form dated May 2, 2024 for the fiscal year ended March 3, 2024
(the "AIF"). A copy of the AIF and the Company's other
publicly filed documents can be accessed under the Company's profile on
SEDAR+ at www.sedarplus.com.
The Company cautions that the list of risk factors and uncertainties
described in the AIF is not exhaustive and other factors could also
adversely affect its results. We operate in a highly competitive and rapidly
changing environment in which new risks often emerge. It is not possible for
management to predict all risks, nor assess the impact of all risk factors
on our business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those contained
in any forward- looking statements. 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. The forward-looking information contained in this press release
represents our expectations as of the date of this press release (or as of
the date they are otherwise stated to be made) and are subject to change
after such date. We disclaim any intention, obligation or undertaking to
update or revise any forward-looking information, whether written or oral,
as a result of new information, future events or otherwise, except as
required under applicable securities laws.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this statement.
For more information:
Investors
Beth Reed
Vice President, Investor Relations
646-603-9844
breed@aritzia.com
SOURCE Aritzia Inc.(Communications)