PIERRE TURCOTTE FILES AN EARLY WARNING REPORT
On July 11, 2025, Mr. Turcotte acquired 50,000 Class B Shares from Ghyslain Rivard, also a director of Alithya, for an aggregate purchase price of $120,366.50 (the " Acquisition"). The purchase was made in the context of a sale, for estate planning purposes, of an aggregate of 100,000 Class B Shares from Ghyslain Rivard to Mr. Turcotte and Paul Raymond, President and Chief Executive Officer of Alithya, in equal parts. The price per Class B Share was $2.40733, being the volume weighted average trading price of the Class A subordinate voting shares (" Class A Shares") of Alithya on the Toronto Stock Exchange for the 20 trading days immediately preceding the Acquisition.
Before the Acquisition, a total of 7,326,880 Class B Shares and 92,653,272 Class A Shares were issued and outstanding. Mr. Turcotte personally held 315,884 Class B Shares (representing 4.31% of the issued and outstanding Class B Shares) and 9387-1010 Québec inc., a company controlled by Mr. Turcotte, owned 1,468,858 Class B Shares (representing 20.05% of the issued and outstanding Class B Shares). This represented, in aggregate (the " Total Class B Ownership"), 1,784,742 Class B Shares beneficially owned and controlled by Mr. Turcotte (representing 24.36% of the issued and outstanding Class B Shares).
Pursuant to the Acquisition, Mr. Turcotte acquired 50,000 Class B Shares, representing 0.68% of the issued and outstanding Class B Shares, resulting in a Total Class B Ownership of 1,834,742 Class B Shares (representing 25.04% of the issued and outstanding Class B Shares).
In addition, Mr. Turcotte personally holds 269,300 Class A Shares and 299,400 deferred share units which settle in Class A Shares (all of which are vested, but none of which can be settled within 60 days) and Triaxions Technology Inc., a company controlled by Mr. Turcotte, owns 51,400 Class A Shares.
Mr. Turcotte is exempt from the take-over bid requirements set out in National Instrument 62- 104 – Take-Over Bids and Issuer Bids (" NI 62-104"), pursuant to the "private agreement exemption" under Section 4.2 of NI 62-104. Mr. Turcotte is entitled to rely on this exemption as the Acquisition was made from a single seller and the consideration paid for the acquired Class B Shares was not greater than 115% of the value of the Class B Shares.
For further information or to obtain a copy of the early warning report filed by Mr. Turcotte (which is available under Alithya's SEDAR+ profile at www.sedarplus.ca), please contact:
Christine Garon
Director, Legal Affairs and
Assistant Corporate Secretary
Alithya Group inc.
[email protected]
514-285-5552
SOURCE Alithya Group inc.
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