Exhibit (a)(9)
Designer Brands Inc. Announces Final Results of Modified Dutch Auction Tender Offer
COLUMBUS, Ohio, July 12, 2023Designer Brands Inc. (NYSE: DBI) (the Company), one of the worlds largest designers, producers, and
retailers of footwear and accessories, today announced final results of its modified Dutch auction tender offer which expired at 12:00 Midnight, ET, at the end of the day on July 7, 2023.
Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer (the Depositary), a total of 1,470,832 shares
of the Companys Class A Common Shares, without par value (each, a Share), were properly tendered and not properly withdrawn at or below a purchase price of $10.00 per Share.
In accordance with the terms and conditions of the tender offer, the Company accepted for purchase an aggregate 1,470,832 Shares, representing approximately
2.5% of the total number of Shares outstanding, or 2.2% of the total number of Shares outstanding assuming the conversion of all shares of the Companys Class B Common Shares into Shares, as of July 6, 2023, at a purchase price of
$10.00 per Share, for an aggregate cost of $14,708,320 excluding fees and expenses relating to the tender offer. As the Company accepted for purchase all of the Shares which were properly tendered and not properly withdrawn at a price at or below
$10.00 there is no proration factor. The Depositary has paid for all of the Shares accepted for purchase. Payment for the Shares purchased was made in cash, less any applicable withholding taxes and without interest.
BofA Securities, Inc. and BMO Capital Markets Corp. acted as dealer managers for the tender offer and Georgeson, LLC acted as information agent for the tender
offer. Shareholders who have questions or would like additional information about the tender offer may contact Georgeson toll-free at (888) 206-5896 banks and brokers may call Georgeson at (888) 206-5896, BofA Securities, Inc. at (888) 803-9655 or BMO Capital Markets Corp. at (212) 702-1101.
About Designer Brands Inc.
Designer Brands is one
of the worlds largest designers, producers, and retailers of the most recognizable footwear brands and accessories, transforming and defining the footwear industry through a mission of inspiring self-expression. With a diversified, world-class
portfolio of coveted brands, including Keds, Lucky Brand, Crown Vintage, Vince Camuto, Topo Athletic, Jessica Simpson, Le Tigre and others, Designer Brands designs and produces on-trend footwear and
accessories for all of lifes occasions delivered to the consumer through a robust direct-to-consumer omni-channel infrastructure and powerful national wholesale
distribution. Powered by a billion-dollar digital commerce business across multiple domains and nearly 640 DSW Designer Shoe Warehouse and The Shoe Company stores in North America, Designer Brands delivers current,
in-line footwear and accessories from the largest national brands in the industry and holds leading market share positions in key product categories across Womens, Mens and Kids. Designer
Brands also distributes its brands internationally through select wholesale and distributor relationships while also leveraging design and sourcing expertise to build private label product for national retailers. Designer Brands is committed to
being a difference maker in the world, taking steps forward to advance diversity, equity, and inclusion in the footwear industry and supporting a global community and the health of the planet by donating more than seven million pairs of shoes to the
global non-profit Soles4Souls. To learn more, visit www.designerbrands.com.