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Be the first with the news that moves the market- Aritzia (ATZ) has entered into an automatic share purchase plan with its designated broker
- The plan is in connection with its previously announced normal course issuer bid (NCIB) to purchase up to 3,860,745 subordinate voting shares by January 19, 2024
- The NCIB suggests management’s favourable view on the valuation of company shares
- Aritzia is a vertically integrated design house with an extensive portfolio of exclusive brands for every function and aesthetic
- Aritzia (ATZ)
Aritzia (ATZ) has entered into an automatic share purchase plan with its designated broker.
The plan is in connection with its previously announced NCIB to purchase up to 3,860,745 subordinate voting shares between January 20, 2023, and January 19, 2024.
Working through a broker will allow Aritzia to make purchases during periods otherwise subject to regulatory restrictions and customary blackouts.
The company has purchase parameters in place as to price, number of shares and management discretion.
The NCIB suggests management’s favourable view on the valuation of company shares.
Aritzia is a vertically integrated design house with an extensive portfolio of exclusive brands for every function and aesthetic. Founded in Vancouver in 1984, the company has grown to 100+ boutiques throughout North America.
Aritzia (ATZ) is down by 0.36 per cent, trading at $47.55 per share as of 10:16 am EST.
