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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMAF | V.RET.A | RTMNF

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.


TSXV:RET - Post by User

Post by TheCount11on May 17, 2022 10:57am
80 Views
Post# 34689158

Any securities lawyer able to interpret this

Any securities lawyer able to interpret this
2.0      CLASS A NON-VOTING SHARES
 
2.1      Subject to the provisions of the Canada Business
         Corporations Act, the holders of the Class A Non- 
         voting shares shall not, as such, have any right to 
         receive notice of, attend, or vote at meetings of 
         shareholders unless and until unpaid accumulated 
         preferential dividends on the Class A Non-Voting 
         shares shall equal or exceed eight (8) quarterly
         dividends, whether consecutive or not. In such
         case, each holder of Class A Non-Voting shares shall 
         be entitled to one (1) vote for each Class A Non- 
         Voting share standing in his name and to receive 
         notice of each such meeting, provided, however, that 
         the Class A Non-Voting shareholders voting as a 
         class shall be entitled to elect one (1) director 
         but shall not be entitled to vote for the election 
         of any other directors of the Corporation. If and 
         when all unpaid and accumulated dividends on the 
         Class A Non-Voting shares shall have been paid for 
         all past dividend periods and full dividends on the 
         Class A Non-Voting shares for the then current 
         dividend period shall have been declared, and 
         payment thereof made or provided for, then and
    thereupon the holders of the Class A Non-Voting 
    shares shall cease to have any voting rights as 
    herein provided, subject, however, to the revival Of 
    such voting rights at any subsequent time or times 
    when unpaid accumulated dividends on the Class A 
    Non-Voting shares then outstanding shall equal or 
    exceed eight (8) quarterly dividends.
 
2.2 The holders of the Class A Non-Voting shares shall
    be entitled to receive as and when declared by the 
    directors a fixed cumulative preferential dividend 
    at the rate of five cents ($0.05) per share per 
    annum, such dividend to accrue from the date of 
    issue and to be payable as and when so declared. 
    Such cumulative preferential dividends shall be 
    payable before any dividend shall be paid upon or 
    set apart for payment upon the Common shares of the  
    Corporation and shall be cumulative, so that no 
    dividends shall be declared, paid or set apart for 
    payment upon the Common shares unless all then 
    accumulated dividends upon the outstanding Class A 
    Non-Voting shares shall have been paid or declared 
    and set apart.
 
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