MONTREAL, Dec. 14, 2021 /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 The Rossy
Foundation, have agreed to sell respectively 550,000 and
1,400,000 common shares of Dollarama in block trades to a
financial institution, representing an aggregate of
1,950,000 common shares of Dollarama. In addition, Mr.
Neil Rossy, President and Chief
Executive Officer of Dollarama, will be donating
340,000 shares to The Rossy Foundation.
As a result of the sales and donation, The Rossy Foundation will
hold 6,067,657 common shares of Dollarama,
GRI Investments Inc. will hold 3,096,245 common shares,
and Neil Rossy will hold personally
1,973,183 common shares (in addition to 444,000 options vested
and exercisable), representing, in aggregate,
11,137,085 common shares or approximately 3.7% 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. to sell a
portion of its holdings in Dollarama was made for financial
diversification purposes. Trades are expected to close on or about
December 16, 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 1,397 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$4.00 (or the equivalent in local currency) in
El Salvador, Guatemala,
Colombia and Peru through its 312 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.
www.dollarama.com
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SOURCE Dollarama Inc.