Gildan CEO Purchases Additional Shares
December 22 2008 - 4:41PM
Marketwired
Gildan Activewear Inc. (TSX: GIL)(NYSE Alternex US: GIL) today
announced that President and CEO, Glenn J. Chamandy, has advised
the Company that, between December 16, 2008 and December 22, 2008,
he purchased an additional 1,000,800 shares at prices ranging from
CDN $11.15 to CDN $11.69, bringing his total holdings to 8,453,600
shares or approximately 7.0% of Gildan's total common shares
outstanding.
Profile
Gildan is a vertically-integrated marketer and manufacturer of
quality branded basic apparel. The Company is the leading supplier
of activewear for the screenprint channel in the U.S. and Canada.
It is also a leading supplier to this market in Europe, and is
establishing a growing presence in Mexico and the Asia-Pacific
region. The Company sells T-shirts, sport shirts and fleece in
large quantities to wholesale distributors as undecorated "blanks",
which are subsequently decorated by screenprinters with designs and
logos. Consumers ultimately purchase the Company's products, with
the Gildan label, in venues such as sports, entertainment and
corporate events, and travel and tourism destinations. The
Company's products are also utilized for work uniforms and other
end-uses to convey individual, group and team identity. The Company
is also a leading supplier of private label and Gildan branded
socks primarily sold to mass-market retailers. In addition, Gildan
has an objective to become a significant supplier of men's and
boys' underwear and undecorated activewear products to mass-market
retailers in North America.
Contacts: Chief Financial and Administrative Officer Laurence G.
Sellyn Executive Vice-President 514-343-8805 lsellyn@gildan.com
Corporate Development and Enterprise Risk Management Patrice
Ouimet, Vice-President 514-340-8933 pouimet@gildan.com Corporate
Development Benoit Leroux, Director 514-343-8898
bleroux@gildan.com
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