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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 SCVALINVESTORon Dec 23, 2024 4:58pm
57 Views
Post# 36375614

RE:RE:CFO Retirement

RE:RE:CFO RetirementSorry to have accidentally posted twice on the strike price of options for Richard Wait and Stephen Reitman, but looking back it seems to me that the first quarter of 2025 should see a lot of PR and IR from Reitmans. There are 915,000  shares to be issued under options with a strike price of $1.50 expiring May 26, 2025, so they are in the money IF THEY CAN BE SOLD AT ANYTHING NEAR TODAY'S PRICE. Unless the two option holders are willing to put up $622,500 and $750,000 respectively to exercise and not immediately sell the shares, they will both be looking for buyers at the market during the first five months of the year. If there isn't a lot of positive buzz around the company and a move to a more liquid TSX main board, I hate to think of the bid-ask spread when the ask side is 915K. 
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