Saturday, November 27 2021

MONTREAL, September 15, 2021 / PRNewswire / – Alithya Group Inc. (TSX: ALYA) (NASDAQ: ALYA) (“Alithya” or the “Company”), a leader in strategy and digital transformation employing more than 3,300 highly skilled professionals and delivering enterprise cloud solutions across Canada, the United States and Europe, is pleased to announce today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Alithya of its intention to launch a normal course issuer bid (“OPRA”).

Pursuant to the tender offer, the Company will be permitted to buy for cancellation in the open market through the facilities of the TSX and NASDAQ, or through alternative trading systems, if eligible, or outside TSX facilities in accordance with exemption orders issued by securities regulatory authorities. authorities, up to 5,462,572 Class A subordinate voting shares (the “Class A shares”), representing 10% of the Company’s free float at the close of trading on September 8, 2021. The amount of purchases on any given day will not exceed 22,259 Class A shares, which represents 25% of the average daily trading volume on the TSX for the six months ended. August 31, 2021, being 89,038 Class A Shares, calculated in accordance with TSX rules. All Class A shares purchased under the public tender offer will be canceled.

NCIB purchases can start in September 20, 2021 and will end at the earliest in September 19, 2022 and the date on which the Company will have acquired the maximum number of class A shares authorized under the public tender offer or decided not to make any further purchases. 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, with the exception of purchases which may be made in accordance with Exemption orders issued by securities regulatory authorities, which would be at a discount from the prevailing market price under the terms of the order.

Decisions regarding the timing and size of procurement under the NCIB are subject to the discretion of management and are based on a variety of factors including market conditions. The Company believes that the purchase of Class A Shares from time to time may be made at prices which do not fully reflect their value. The Company believes that, in such circumstances, the redemption of such Class A shares represents an appropriate use of the Company’s available funds to support shareholder value.

The Company has entered into an Automatic Stock Purchase Plan (“ASPP”) with a designated broker as part of its public tender offer. The ASPP will allow the purchase for cancellation of Class A Shares, subject to certain trading parameters, by its designated broker during periods when Alithya would not normally be active in the market due to applicable regulatory restrictions. or self-imposed blackout periods. Outside these periods, the Class A shares will be repurchased by Alithya at its discretion under the public tender offer.

Alithya has not repurchased any Class A shares as part of a public tender offer during the last twelve months.

Forward-looking statements

This press release contains statements which may constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other rules of law. applicable US security (collectively “forward-looking statements”). Statements which do not relate exclusively to historical facts, as well as statements relating to management’s expectations regarding the future growth, results of operations, performance and business prospects of Alithya, and other related information Alithya’s business strategy and future plans or that refer to the characterizations of future events or circumstances represent forward-looking statements. Such statements often contain the words “anticipates”, “expects”, “intends to”, “plans”, “predicts”, “believes”, “research”, “estimates”, “could”, “Could”, “may”, “may”, “continue”, “possible”, “should”, “project”, “target” and similar expressions and variations, although not all forward-looking statements contain these words. ‘identification.

The forward-looking statements contained in this press release include, among other things, information or statements relating to potential future purchases by Alithya of its Class A shares in accordance with the public tender offer and the ASPP.

Forward-looking statements are presented for the sole purpose of helping investors and others to understand Alithya’s objectives, strategies and business prospects as well as its expected operating environment and may not be appropriate for other purposes. Although management believes that the expectations reflected in Alithya’s forward-looking statements were reasonable at the date they were made, the forward-looking statements are based on the opinions, assumptions and estimates of management and, as such, are subject to various risks and uncertainties and other factors, many of which are beyond Alithya’s control, and which could cause actual events or results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, those discussed in the section entitled “Risks and uncertainties” of Alithya’s annual and interim management report and other documents made public, including documents filed with Canadian authorities. and US securities regulators from time to time. and which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Other risks and uncertainties currently unknown to Alithya or which Alithya currently considers negligible could also have a material adverse effect on its financial position, financial performance, cash flow, business or reputation.

There can be no assurance that Alithya will redeem any or all of the numbers of Class A shares mentioned in this press release which are subject to the public tender offer.

The forward-looking statements contained in this press release are qualified by these cautionary statements and are made only as of the date of this press release. Alithya expressly disclaims any obligation to update or change any forward-looking statements, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, unless applicable law l ‘required. Investors are cautioned not to place undue reliance on forward-looking statements as actual results may differ materially from them.

About Alithya

Alithya is a North American leader in strategy and digital transformation. The Company employs more than 3,300 professionals in Canada, United States, and Europe. Alithya’s integrated offer is based on four pillars of expertise: business strategies, enterprise cloud solutions, application services, and data and analytics. Alithya deploys cutting-edge solutions, services and skills to develop tools designed to meet the unique needs of customers across a variety of industries, including financial services, manufacturing, renewable energy, telecommunications, transportation and logistics, professional services, health care and government. To learn more about Alithya, visit www.alithya.com.

SOURCE Alithya

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