MONTREAL, April 1,
2022 /CNW Telbec/ - Dollarama Inc. (TSX: DOL)
("Dollarama" or the "Corporation") announced today that The
Rossy Foundation has agreed to sell 1,100,000 common shares of
Dollarama in a block trade to a financial institution. As a result
of the sale, The Rossy Foundation will
hold 4,967,657 common shares of Dollarama. For greater
clarity, neither Neil Rossy,
President and Chief Executive Officer of Dollarama, nor GRI
Investments Inc., a private corporation controlled by the
Rossy family, are selling shares as part of this block trade.
Proceeds from the sale of shares by The Rossy Foundation
will be used to fund existing commitments to charitable
organizations. The trade is expected to close on or about
April 5, 2022.
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 1,421 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
its 350 conveniently located stores in El Salvador,
Guatemala, Colombia and Peru.
About The Rossy
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.
SOURCE Dollarama Inc.