Alithya announces a normal course issuer bid
MONTREAL, Sept. 15, 2021 /PRNewswire/ - Alithya Group inc. The Toronto Stock Exchange accepted a notice from Alithya of its intention to open obviition for dread. "Aloys" is i.e. NASDAQ: ALYA.
Under the NCIB, the Company can make purchases for cancellation on the open market through the TSX and NASDAQ facilities or through alternative trading systems, if eligible or outside the facilities of the company, as a result of exemption The amount of purchases on any given day will not exceed 22,259 Class A Shares, which is a 25 percent of the daily daily trading volume of TSX for the six-month ended August 31, 2021. Shares calculated according to the TSX rules. All Class A Shares purchased under the NCIB will be canceled.
Purchases under the NCIB may begin on September 20, 2021 and end on the earlier of September 19, 2022 and the date where the Company has ceased to acquire the maximum number of Class A Shares permitted under NCCB or All purchases of Class A shares will be made through open market transactions at their market price at the time of acquisition, plus brokerage fees, except for purchases that could be effected pursuant to exemption orders issued by securities regulators, which would
The decision concerning timing and size of purchases under the NCIB is subject to management's discretion. These decisions are based on a variety of factors, including market conditions. The Company believes that the purchase of Class A Shares can be undertaken at prices that don't fully reflect their value. The Company believes that, in such circumstances, the repurchase of Class A Shares is a suitable opportunity to use the Company's available funds to support shareholder value.
The Company entered into a mutual funds plan (AAP) by acquiring monetary capital (NCIB) with securing lands in connection with its NCIBI. The ASPP will allow the purchase of Class A Shares, subject to certain trading parameters, by its designated broker in times when Alithya wouldn't normally be active in the market due to applicable regulatory restrictions or self-imposed black If Alithya does not approve the Class A shares, they will be repurchased under the NCIB.
Alithya hasn't repurchased Class A Shares in the last 12 months under a NCIB.
Statements with a view to the future are forward-looking.
This press release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "back-to-back" under the definition of the United States Private Securities Litigation Reform Act of 1995 and other applicable Statements that don't exclusively relate to historical facts, statements related to management's expectations regarding the future growth, results of operations, performance and business prospects of Alithya, and other information related with Aliy'' business strategy These identifying words often contain "anticipates", "expects," "intends", and "plans" or "the foreseeable future," but they often include "potential," or, if not,
In this press release, forward-looking statements include, among other things, information or statements relating to future purchases of Alithya Class A shares in accordance with the NCIB and the ASPP.
Future-looking statements are presented solely for the purpose of helping investors and others understand Alithya's objectives, strategies and business outlook, as well as its anticipated operating environment. These statements may not be appropriate for other purposes. Although management believes that expectations reflected in Alithya's forward-looking statements were reasonable as at the date of their publication, forward forward looking statements are based on the opinions, assumptions and estimates of management and subject to a For the entire collection of the 'Risks and Uncertainties' section titled "Assures, Availability and Managing Risks" of Alithya's annual and interim management'' Discussion and Analysis Those additional risks and uncertainties that Alithya currently deems to be immaterial could also affect its financial position, financial performance, cash flow, business or reputation.
There can be no guarantee that Alithya will repurchase all or any of the class A shares described in this press release that are subject to the NCIB.
These cautionary statements are deemed to be accurate and are only made after the date of this press release. Alithya expressly disclaims any obligation to update or alter forward-looking statements, or the factors or assumptions underlying them, whether due to new information, future events or otherwise, except as the applicable law. Investors should not be liable for forward-looking statements, since actual results may differ materially from them.
Alithya is a North American leader in strategic and digital transformation. The Company employs more than 3300 professionals in Canada, the United States and Europe. Alithya's integrated offer is based on four pillars of expertise: business strategy, enterprise cloud solutions, application services and data analytics. Alithya develops advanced solutions, services and skills to meet customers' unique needs in a broad range of sectors: finance, manufacturing, renewable energy, telecommunications, transport and logistics, professional services, healthcare and government. For more information on Alithya, visit www.alithyan.com.
SOURCE Alithya SHERCE AEDYA