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Aritzia Renews Share Buyback

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Aritzia (ATZ.TO) has renewed its normal course issuer bid (NCIB), the company said on Monday.

The company may buy back up to 4.3 million shares from May 13, for one year,

Under its previous NCIB, Aritzia bought back 1.8 million shares at a volume weighted average price of $107.31 for total cash consideration of $195.3 million.

Aritzia shares closed up $6.35, to $148.35 on Friday on the Toronto Stock Exchange.

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