Pet Valu Holdings Ltd. Announces Closing of C$22.5 Million Full Exercise of Over-Allotment Option

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MARKHAM, Ontario, May 21, 2025 (GLOBE NEWSWIRE) -- Pet Valu Holdings Ltd. (“Pet Valu” or the “Company”) (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, announced today that further to the previously announced closing of the secondary bought deal offering (the “Offering”) of 5,200,000 common shares of the Company (the “Common Shares”) by PV Holdings S.à r.l., Roark Capital Partners II AIV AG, L.P., RCPS Equity Cayman LP and Roark Capital Partners Parallel II AIV AG, L.P. (collectively, the “Selling Shareholders”) at a price of C$28.85 per Common Share, the syndicate of Underwriters (as defined below) have exercised their over-allotment option (the “Over-Allotment Option”) in full and have purchased an additional 780,000 Common Shares on the same terms and conditions as the Offering. The gross proceeds to the Selling Shareholders from the Offering and the exercise of the Over-Allotment Option in the aggregate is approximately C$172.5 million.