Aritzia Announces $200 Million Secondary Offering of Subordinate Voting Shares

Executive Summary

• Founder and Executive Chair Brian Hill is selling 1,537,000 subordinate voting shares of Aritzia at $130.20 per share in a bought‑deal transaction with BMO Capital Markets, generating gross proceeds of approximately $200.1 M (proceeds to the selling shareholders, not the company).
• After the sale, Hill will remain Aritzia’s largest shareholder with an estimated 15.9% equity interest (approximately 18.39 M multiple‑voting shares).
• The offering is being made under a short‑form prospectus in Canada (excluding Quebec) and may be offered privately outside Canada; closing is expected around January 29, 2026.

Key Details

• Offering Size & Price: 1,537,000 subordinate voting shares at $130.20 per share.
• Gross Proceeds to Selling Shareholders: $200,117,400.
• Underwriter: BMO Capital Markets (bought‑deal basis).
• Over‑Allotment Option: Up to 230,550 additional shares at the same price, exercisable for 30 days after closing for stabilization purposes.
• Purpose of Proceeds: Estate planning, investment diversification, and charitable giving (including via the ARON Charitable Foundation).
• Post‑Offering Ownership:
• Subordinate voting shares outstanding: 97,286,183 (assuming no over‑allotment exercised).
• Multiple‑voting shares outstanding: 18,392,244.
• Hill’s equity interest falls to ≈15.9%, voting interest ≈ 65.4%.
• Options & PSUs Remaining: After the offering, Hill retains 712,162 stock options and 252,940 performance share units.
• Regulatory Filings: Preliminary short‑form prospectus to be filed by January 19, 2026; closing expected ≈January 29, 2026.
• Jurisdictional Notes: Shares not registered under U.S. securities laws; offering limited to Canada (excluding Quebec) and private placements abroad as permitted.

Notable Quotes

(No direct quotes from executives were included in the release.)