Aritzia Announces Closing of Secondary Offering of Subordinate Voting Shares

Executive Summary

• Aritzia Inc. closed a secondary offering of 1,602,000 subordinate voting shares at $130.20 per share, generating gross proceeds of $208.58 million to the selling shareholders.
• All net proceeds were paid to the selling shareholders; the company received no cash from the transaction.
• Founder and Executive Chair Brian Hill now holds only multiple‑voting shares (≈15.8% equity interest, 65.3% voting power) and no subordinate voting shares after the closing.

Key Details

• Offering Size: 1,602,000 subordinate voting shares, including 65,000 shares issued under the underwriters’ over‑allotment option.
• Offering Price: $130.20 per share.
• Gross Proceeds to Selling Shareholders: $208,580,400.
• Net Proceeds to Company: $0 (all proceeds paid to selling shareholders).
• Underwriter Syndicate: Lead underwriter BMO Capital Markets; participants RBC Dominion Securities Inc., TD Securities Inc., and CIBC World Markets Inc.
• Offering Structure: Bought‑deal transaction pursuant to a final short‑form prospectus dated January 26, 2026.
• Post‑Closing Ownership – Brian Hill:
• 18,327,244 multiple‑voting shares (≈15.8% of total equity on a non‑diluted basis).
• Voting interest ≈65.3% (each multiple‑voting share carries ten votes).
• No subordinate voting shares held after closing.
• Holds 712,162 stock options and 252,940 performance share units.
• Regulatory Notices: Offering not registered under the U.S. Securities Act; securities may not be offered or sold in the United States absent registration or exemption.

Notable Quotes

(No executive quotes were included in the release.)