Reitmans Ord Shs V.RET.A

TSX

[nedstar71]

Am I corrrect in my understanding after reading DKAM's letter that unless Reitmans eliminates the dual class share structure, without a "coattail provision" they will be unable to uplist to the TSX?  Apparently they were grandfathered in and were fine but now getting back on that exchange would require either the dual share class elimination, or the coattail provision being written in.  From my understanding without the coattail provision the non voting shares may be at a disadvantage in a takeover situation.

[TheCount11]

Reitmans family has a controlling interest so voting or non voting shares are ALWAYS at a disadvantage.  Eliminating coattail provision is a very very very small bone to throw shareholders after CCAA. An NCIB is a no brainer to have in place after management announces Q4 in spring.

[nedstar71]

My point was they can't uplist to the TSX until one or the other is done.

[TheCount11]

"From my understanding without the coattail provision the non voting shares may be at a disadvantage in a takeover situation." My point - its been controlled by the family for a century so there is no takeover situation