Saturday, October 1 2022

MONTREAL, September 14, 2022 /CNW Telbec/ – Alithya Group Inc. (TSX: ALYA) (NASDAQ: ALYA) (“Alithya” or the “Company”), a leading digital strategy and transformation company employing approximately 3,900 highly skilled professionals and delivering enterprise cloud solutions across Canada, United States and internationally, is pleased to announce today that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company regarding its intention to renew its issuer bid program in the normal course of business (“OPRCN”).

Pursuant to the issuer bid, the Company will be permitted to purchase for cancellation in the open market through the facilities of the TSX and NASDAQ, or through other Canadian trading systems , if eligible, or off the premises of the TSX pursuant to exemption orders issued by securities regulators, up to a maximum of 2,491,128 Class A Subordinate Voting Shares (“Class A Shares”). “), representing 5% of the Company’s public float (49,822,567 Class A shares) and 2.86% of the total number of Class A shares issued and outstanding (87,137,376 Class A shares) at market close on September 8, 2022. The amount of purchases on any given day will not exceed 7,813 Class A Shares, representing 25% of the average daily trading volume on the TSX for the six months ended August 31, 2022, or 31,255 Class A shares, calculated in accordance with TSX rules. All Class A Shares purchased under the issuer bid will be cancelled.

Purchases under the OPRCA can begin on September 20, 2022 and will end the earlier of September 19, 2023 and the date on which the Company acquires the maximum number of Class A shares permitted under the issuer bid or otherwise decides not to make any further purchases. All purchases of Class A Shares will be made by way of open market transactions at the market price at the time of acquisition plus brokerage fees, except for purchases which may be made under exemption orders issued by securities regulators, which would be at a discount to the prevailing market price in accordance with the terms of the order.

Decisions regarding the timing and size of purchases under the issuer bid are at the discretion of management and are based on various 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 purchase for cancellation of such Class A Shares represents an appropriate use of available Company funds to support shareholder value.

The Company has entered into an Automatic Share Purchase Plan (“ASPP”) with a designated broker as part of its PPO. The ASPP will permit the purchase for cancellation of Class A Shares, subject to certain trading parameters, by its Designated Broker during times when Alithya would not normally be active in the market due to applicable regulatory restrictions. or self-imposed blackout periods. Outside of these periods, the Class A Shares will be purchased by Alithya at its option pursuant to the issuer bid.

As part of its current NCIB which began on September 20, 2021 and will expire on September 19, 2022the Company is authorized to repurchase for cancellation up to 5,462,572 Class A Shares. September 8, 2022Alithya had purchased 633,286 Class A Shares through open market transactions, through the TSX, other marketplaces and through Canadian alternative trading systems, at a weighted average price of $3.15 per Class A share, for a total consideration of $1,993,667.

Forward-looking statements

This press release contains statements that 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 applicable US safety information (collectively “forward-looking statements”). Statements that do not relate exclusively to historical facts, as well as statements regarding management’s expectations regarding Alithya’s future growth, results of operations, performance and business prospects, and other related information Alithya’s business strategy and future plans or that refer to descriptions of future events or circumstances are forward-looking statements. Such statements often contain the words “anticipates”, “expects”, “intends”, “plans”, “predicts”, “believes”, “seeks”, “estimates”, “could”, “would”, “will”, “may”, “may”, “continue”, “potential”, “should”, “plan”, “target” and similar expressions and variations thereof, although not all forward-looking statements do not contain these identifying words.

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 pursuant to the Tender Offer and the ASPP.

Forward-looking statements are presented for the sole purpose of assisting investors and others in understanding Alithya’s objectives, strategies and business prospects and 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 as of the date they were made, forward-looking statements are based on management’s beliefs, assumptions and estimates and, as such , are subject to a variety of risks and uncertainties and other factors, many of which are beyond Alithya’s control, which could cause actual events or results to differ materially from those expressed or implied in these 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 MD&A and other publicly available documents, including filings from time to time with Canadian and US securities regulators. and which are available on SEDAR at and EDGAR at Other risks and uncertainties of which Alithya is not currently aware or that Alithya currently deems immaterial could also have a material adverse effect on its financial condition, financial performance, cash flows, business or reputation.

There can be no assurance that Alithya will repurchase for cancellation all or any part of the Class A Shares referred to in this press release that are subject to the issuer bid.

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

About Alithya

Alithya is a trusted leader in digital strategy and transformation, employing a dedicated and highly skilled workforce of approximately 3,900 professionals across Canada, United States and internationally. Alithya’s strategy is based on a plan of accelerated organic growth and complementary acquisitions to create a world leader. The Company’s integrated offering is based on four pillars of expertise: business strategies, enterprise cloud solutions, application modernization services, and data and analytics. To learn more about Alithya, visit


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