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Reitmans Ord Shs V.RET

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

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

Comment by TheCount11on Dec 16, 2023 6:33am
138 Views
Post# 35788014

RE:What would happen if shares got consolidated?

RE:What would happen if shares got consolidated?I own both as well.  Simply put right now there is no difference regarding the economics of the business which is what I care about.  The family would still be a controlling shareholder after.  My voting shares don't have as much liquidity as my non voting shares.

I honestly don't see this resolution passing any time soon.  Minority shareholders have rights.  Non voting shareholders are not allowed to attend annual meetings.  They are outsiders. 

Insider "Hey small minority non voting shareholder would you be interested in getting a vote for your shares by making my illiquid voting shares equal to 1.5 of your shares?"

Outsider "No thanks.  I haven't got a lot of shares so the voting rights are worth almost nothing to me.  Insider you gain liquidity so you should pay me a premium for that right."

If voting insiders want outsiders to play along then keep the economics the same and do a 1 for 1.  
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