MONTREAL, Sept. 18, 2019 /PRNewswire/ - Dollarama Inc.
(TSX: DOL) ("Dollarama" or the "Corporation") announced today
that two insiders, namely GRI Investments Inc., a private
corporation controlled by the Rossy family, and Neil Rossy, President and Chief Executive
Officer of the Corporation, have agreed to sell, in aggregate,
2,054,164 common shares of Dollarama.
GRI Investments Inc. and Neil
Rossy agreed to sell respectively 1,415,233 and
638,931 common shares of Dollarama in block trades to a
financial institution. Once the trades are settled, GRI Investments
Inc. will hold 6,068,021 common shares and Neil Rossy will personally hold 2,576,748
common shares (in addition to 1,032,000 options vested and
exercisable), representing approximately 1.9% and 0.8% of the
Corporation's total number of common shares issued and outstanding,
respectively.
The decision to sell a portion of their respective holdings in
Dollarama was made for financial diversification purposes. Trades
are expected to close on or about September
20, 2019.
About Dollarama
Dollarama is a recognized Canadian value retailer offering a
broad assortment of consumable products, general merchandise and
seasonal items both in-store and online. Our 1,250 locations across
Canada provide customers with
compelling value in convenient locations, including metropolitan
areas, mid-sized cities and small towns. Select consumable and
general merchandise products are also available by the full case
only through our online store at www.dollarama.com. Our quality
merchandise is sold at select, fixed price points up to
$4.00.
Dollarama also owns a 50.1% interest in Dollarcity, a growing
Latin American value retailer. Dollarcity offers a broad assortment
of consumable products, general merchandise and seasonal items at
select, fixed price points up to US$3.00 (or the equivalent in local currency)
through its 192 conveniently-located stores in Colombia, El
Salvador and Guatemala.
www.dollarama.com
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SOURCE Dollarama Inc.