Business
Reitmans (Canada) Limited Announces the Granting of Options to Management
Reitmans (Canada) Limited Announces the Granting of Options to Management Canada NewsWi...
About this update from Reitmans (canada) Limited
[{"type":"text","content":"\n \n \n \n Reitmans (Canada) Limited Announces the Granting of Options to Management\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen4{\nTEXT-ALIGN: JUSTIFY; MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n June 26, 2024\n \n \n /CNW/ - Reitmans (\n \n Canada\n \n ) Limited (\"\n \n RCL\n \n \" or the \"\n \n Company\n \n \") (TSXV: RET) (TSXV: RET.A) today announces that it has granted an aggregate of\n \n 1,109,917\n \n options to purchase Class A non-voting shares of the Company (the \"\n \n Options\n \n \") to members of management pursuant to its second amended and restated share option plan dated April 19, 2021, as amended.\n \n \n The Options have an exercise price of\n \n \n $2.42\n \n \n 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.\n \n \n \n About Reitmans (\n \n Canada\n \n ) Limited\n \n \n \n RCL is one of\n \n Canada's\n \n 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.\n \n \n For more information, visit\n \n www.reitmanscanadalimited.com\n \n .\n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n Alexandra Cohen\n \n \n \n \n VP, Corporate Communications\n \n \n \n \n Reitmans (Canada) Limited\n \n \n \n \n Telephone: (514) 384-1140 ext 23737\n \n \n \n \n Email:\n \n acohen...