MONTREAL,
June 26,
2024 /CNW/ - Reitmans (Canada) Limited ("RCL" or the
"Company") (TSXV: RET) (TSXV: RET.A) today announces that it
has granted an aggregate of 1,109,917 options to
purchase Class A non-voting shares of the Company (the
"Options") to members of management pursuant to its second
amended and restated share option plan dated
April 19, 2021, as amended.
The Options have an exercise price
of $2.42 and are subject
to time-based vesting terms. The grant of the Options is made
pursuant to the Company's Long-Term Incentive Plan which is
designed to incentivize members of management in the achievement of
long-term financial targets.
About Reitmans (Canada) Limited
RCL is one of Canada's leading specialty apparel retailers
for women and men, with retail outlets throughout the
country. The Company operates 391 stores under three distinct
banners consisting of 226 Reitmans, 85 PENN. Penningtons, and
80 RW&CO.
For more information,
visit www.reitmanscanadalimited.com.
For further information, please
contact:
|
Alexandra
Cohen
VP, Corporate
Communications
Reitmans (Canada)
Limited
Telephone: (514)
384-1140 ext 23737
Email: acohen@reitmans.com
|
Richard
Wait
Executive
Vice-President and
Chief Financial
Officer
Reitmans (Canada)
Limited
Telephone: (514)
384-1140 ext 23050
Email:
riwait@reitmans.com
|
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Reitmans (Canada)
Ltd