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Reitmans Ord Shs V.RET

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

Consumer Cyclical

Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.

TSXV:RET - Post by User

Reitmans Ord Shs > They know when to pick a date

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Comment by savyinvestor333on Apr 26, 2022 8:08pm

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Post# 34634176

RE:RE:They know when to pick a date

No not really but they usually hope the share price increases after they dirstribute the options so the employees feel they are getting a bonus. The options could be for 1 to 3 year term and I didn't check the terms.The company could also start a NCIB to buy the shares on the open market to counter a rising share count . I have seen other companies do this.

Gann999 wrote: Doesn't this kind of further reinforce a floor of at least 1.50

savyinvestor333 wrote:

Reitmans (Canada) Limited Announces the Granting of Options to Management

V.RET | 3 minutes ago

MONTREAL, April 26, 2022 /CNW Telbec/ - Reitmans (Canada) Limited ("Reitmans" or the "Company") (TSXV: RET) (TSXV: RET.A) today announces that it has granted an aggregate of 2,050,000 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.

The Options have an exercise price of $1.50, are subject to time-based and performance-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