Dollarama s founding Rossy family selling 2.2 million shares in retailer
by The Canadian Press
Last Updated Apr 8, 2021 at 11:58 am EDT
MONTREAL Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer.
The company says GRI Investments Inc., a private corporation controlled by the Rossy family, the Rossy Foundation and chief executive Neil Rossy are selling 618,369, 1,205,066 and 376,565 Dollarama shares respectively in block trades to a financial institution.
Dollarama says the sale by the Rossy Foundation will be used to fund its commitments to charitable organizations, while the sales by GRI Investments and Neil Rossy were made for financial diversification purposes.
Dollarama s founding Rossy family selling 2.2 million shares in retailer
A Dollarama store is seen in Montreal, Tuesday, June 11, 2013. Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares of the discount retailer. THE CANADIAN PRESS/Paul Chiasson April 08, 2021 - 8:47 AM
MONTREAL - Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer.
The company says GRI Investments Inc., a private corporation controlled by the Rossy family, the Rossy Foundation and chief executive Neil Rossy are selling 618,369, 1,205,066 and 376,565 Dollarama shares respectively in block trades to a financial institution.
Sale of Shares by Dollarama Insiders
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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.
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Paul Chiasson/The Canadian Press
Dollarama Inc. DOL-T says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer.
The company says GRI Investments Inc., a private corporation controlled by the Rossy family, the Rossy Foundation and chief executive Neil Rossy are selling 618,369, 1,205,066 and 376,565 Dollarama shares respectively in block trades to a financial institution.
Winnipeg Free Press By: The Canadian Press
MONTREAL - Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer.
A Dollarama store is seen in Montreal, Tuesday, June 11, 2013. Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares of the discount retailer. THE CANADIAN PRESS/Paul Chiasson
MONTREAL - Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer.
The company says GRI Investments Inc., a private corporation controlled by the Rossy family, the Rossy Foundation and chief executive Neil Rossy are selling 618,369, 1,205,066 and 376,565 Dollarama shares respectively in block trades to a financial institution.