SINGAPORE, May 9, 2024
/CNW/ - GIC Private Limited ("GIC") today announced that it
has disposed of an aggregate of 76,700 subordinate voting shares
(the "Disposal Shares") in the capital of Aritzia Inc.
("Aritzia") by way of market sales over the facilities of
the Toronto Stock Exchange on May 9,
2024. When deducted from the 9,108,249 subordinate voting
shares previously held, GIC now owns 9.93% of the issued and
outstanding subordinate voting shares.
The Disposal Shares represent approximately 0.08% of the
outstanding subordinate voting shares of Aritzia and approximately
0.07% of all outstanding shares. The Disposal Shares were disposed
at an average selling price of C$35.2886 for a total consideration of
approximately C$2,706,636.
Before giving effect to the sale, GIC held an aggregate of
9,108,249 subordinate voting shares, which were acquired through
market purchases. These securities represented approximately 10.02%
of the outstanding subordinate voting shares, 3.09% of the
outstanding voting rights attached to all shares of Aritzia, and
approximately 8.18% of the total shares outstanding. After giving
effect to the sale of the Disposal Shares, GIC holds an aggregate
of 9,031,549 subordinate voting shares, representing 3.06% of the
outstanding voting rights attached to all shares of Aritzia and
approximately 8.11% of the total shares outstanding.
GIC sold the Disposal Shares for investment purposes and may or
may not purchase or sell multiple voting shares, subordinate voting
shares or other securities of Aritzia in the future on the open
market or in private transactions, depending on market conditions
and other factors. GIC currently has no other plans or intentions
that relate to its investment in Aritzia. Depending on market
conditions, general economic and industry conditions, Aritzia's
business and financial condition and/or other relevant factors, GIC
may at any time develop other plans or intentions in the future
relating to its investment in Aritzia. A copy of the early warning
report to be filed by GIC in connection with the acquisition will
be available on Aritzia's profile on SEDAR+ at
www.sedarplus.ca.
The head office of Aritzia is located at Suite 118-611 Alexander
Street, Vancouver, British
Columbia, V6A 1E1. GIC's head office is located at 168
Robinson Road, #37-01, Singapore
068912.
About GIC
GIC is a leading global investment firm established in 1981 to
secure Singapore's financial
future. As the manager of Singapore's foreign reserves, GIC takes a
long-term, disciplined approach to investing and is uniquely
positioned across a wide range of asset classes and active
strategies globally. These include equities, fixed income, real
estate, private equity, venture capital, and infrastructure. Its
long- term approach, multi-asset capabilities, and global
connectivity enable it to be an investor of choice. GIC seeks to
add meaningful value to its investments. Headquartered in
Singapore, GIC has a global talent
force of over 2,100 people in 11 key financial cities and has
investments in over 40 countries. For more information, please
visit www.gic.com.sg or follow on LinkedIn.
SOURCE GIC Private Limited