Gildan CEO Purchases Additional Shares
February 23 2009 - 5:15PM
Marketwired
Gildan Activewear Inc. (TSX: GIL)(NYSE: GIL) today announced that
President and CEO, Glenn J. Chamandy, has advised the Company that,
between February 13, 2009 and February 23, 2009, he purchased an
additional 1,602,400 shares at prices ranging from US$6.85 to
US$7.38, bringing his total holdings to 10,056,000 shares or
approximately 8.3% 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: Gildan Activewear Inc. Laurence G. Sellyn, Executive
Vice-President, Chief Financial and Administrative Officer
514-343-8805 lsellyn@gildan.com Gildan Activewear Inc. Patrice
Ouimet, Vice-President, Corporate Development and Enterprise Risk
Management 514-340-8933 pouimet@gildan.com Gildan Activewear Inc.
Benoit Leroux, Director, Corporate Development 514-343-8898
bleroux@gildan.com
Gildan Activewear (TSX:GIL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gildan Activewear (TSX:GIL)
Historical Stock Chart
From Jul 2023 to Jul 2024