Aritzia secondary offering closes for $208.58-million

Executive Summary

• Aritzia Inc. announced the closing of a secondary offering of 1,602,000 subordinate voting shares held by founder and executive chair Brian Hill and related entities.
• The shares were sold at $130.20 per share, generating $208.58 million in gross proceeds entirely to the selling shareholders, with no proceeds directed to the company.
• Following the transaction, Mr. Hill retains full control of the company's multiple voting share class (~15.8% equity and ~65.3% voting interest on a non-diluted basis) and has divested all subordinate voting shares.

Key Details

• Offering Structure: Secondary offering of subordinate voting shares, executed on a bought deal basis pursuant to a final short form prospectus dated Jan. 26, 2026.
• Share Quantity: 1,602,000 subordinate voting shares, including 65,000 shares from the partial exercise of the underwriters' overallotment option.
• Offering Price: $130.20 per share.
• Gross Proceeds: $208,580,400, paid entirely to the selling shareholders; the company received $0 in proceeds.
• Underwriters: Syndicate led by BMO Capital Markets, with RBC Dominion Securities Inc., TD Securities Inc., and CIBC World Markets Inc.
• Post-Closing Ownership (Brian Hill): Retains 18,327,244 multiple voting shares, representing 100% of the multiple voting share class, ~15.8% equity interest, and ~65.3% voting interest (non-diluted). No longer holds any subordinate voting shares.
• Additional Holdings: Mr. Hill retains 712,162 options and 252,940 performance share units.
• Voting & Conversion Rights: Each multiple voting share carries 10 votes on all matters and is convertible into one subordinate voting share at the sole option of the holder.