Gerald Schwartz acquires additional Indigo shares


TORONTO, ONTARIO, November 13, 2017 – Trilogy Retail Holdings Inc. (“Trilogy”), a corporation controlled by Gerald W. Schwartz, has purchased 10,500 common shares (or approximately 0.04% of the total outstanding common shares) of Indigo Books & Music Inc. (“Indigo”) today at an average price of $18.50, for an aggregate purchase price of $194,207, in ordinary market trades through the facilities of the Toronto Stock Exchange, the Aequitas NEO Exchange Inc. and MATCHNow. The common shares were acquired for investment purposes pursuant to the normal course purchase exemption
in Section 4.1 of National Instrument 62-104 – Take-Over Bids and Issuer Bids.

Trilogy, together with other entities controlled directly or indirectly by Mr. Schwartz and with Ms. Heather M. Reisman, the spouse of Mr. Schwartz, now owns an aggregate of 15,327,365 Indigo common shares, representing approximately 57.6% of the total outstanding common shares. Trilogy, or other entities controlled by Mr. Schwartz, may acquire or sell common shares of Indigo from time to time, subject to market conditions.

An early warning report will be filed in accordance with applicable securities laws and will be available on SEDAR at

For further information:
Trilogy Retail Holdings Inc.
161 Bay Street, 49th Floor
Toronto, Ontario
Lori Shapiro
(416) 943-4110

Mailing address of
Indigo Books & Music, Inc.:
468 King Street W.
Toronto, ON M5V 1L8