Final Short Form Prospectus Accessible through
SEDAR+
/NOT FOR DISTRIBUTION IN THE UNITED STATES/
VANCOUVER, BC, Feb. 25,
2025 /CNW/ - 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.
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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.
SOURCE Aritzia Inc.(Communications)