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
The Company is a leading women's apparel retailer with
retail outlets throughout Canada.
The Company operates 406 stores consisting of 237 Reitmans, 92
Penningtons and 77 RW&CO. The Company is a publicly traded
company listed on the TSX Venture Exchange (TSXV: RET) (TSXV:
RET.A). For more information, visit
www.reitmanscanadalimited.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Reitmans (Canada)
Limited