MONTREAL, April 8, 2021 /PRNewswire/ - Dollarama Inc.
(TSX: DOL) ("Dollarama" or the "Corporation") announced today
that three insiders, namely GRI Investments Inc., a private
corporation controlled by the Rossy family, The Rossy Foundation,
and Neil Rossy, have agreed to sell respectively 618,369,
1,205,066 and 376,565 common shares of Dollarama in block trades to
a financial institution, representing an aggregate of
2,200,000 common shares of Dollarama.
Once the trades are settled, GRI Investments Inc. will hold
3,646,245 common shares, The Rossy Foundation will
hold 7,127,657 common shares, and Neil
Rossy will hold personally 2,313,183 common shares (in
addition to 384,000 options vested and exercisable), representing,
in aggregate, 13,087,085 common shares or approximately 4.2%
of the Corporation's total number of common shares issued and
outstanding.
Proceeds from the sale of shares by The Rossy Foundation
will be used to fund existing commitments to charitable
organizations. The decision by GRI Investments Inc. and
Neil Rossy to sell a portion of
their holdings in Dollarama was made for financial diversification
purposes. Trades are expected to close on or about
April 12, 2021.
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 1,356 locations across
Canada provide customers with
compelling value in convenient locations, including metropolitan
areas, mid-sized cities and small towns. Select 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) in
El Salvador and Guatemala and up to the equivalent of
US$4.00 in local currency in
Colombia through its 264
conveniently-located stores.
About The Rossy Foundation
The Rossy Foundation is a Montreal-based private foundation that was
established in 2004. Its mission is to contribute to civil society
and to improve the lives of Canadians with a focus on cancer care,
mental health, civic engagement, education and the arts. It is
committed to supporting the vibrancy of Montreal and also funds charitable
organizations across Canada and
internationally within its areas of focus.
View original
content:http://www.prnewswire.com/news-releases/sale-of-shares-by-dollarama-insiders-301265121.html
SOURCE Dollarama Inc.