Reitmans (Canada) Limited Announces Election of Directors and Amendment to Share Option Plan

MONTRÉAL, June 19, 2024 /CNW/ - Reitmans (Canada) Limited (the "Corporation") (TSXV: RET) (TSXV: RET-A) announced today that each director nominee listed in the Corporation's Management Proxy Circular dated May 13, 2024 (the "Circular") was elected as director of the Corporation at its Annual General Meeting of Shareholders held today in Saint-Laurent, Québec (the "Meeting").

The details of the election are as follows:

DIRECTOR NOMINEE	OUTCOME	VOTES FOR	% FOR	VOTES AGAINST	% AGAINST
Bruce J. Guerriero, CPA	Elected	8,712,541	87.90 %	1,199,239	12.10 %
David J. Kassie	Elected	8,709,545	87.87 %	1,202,235	12.13 %
Andrea Limbardi	Elected	9,893,730	99.82 %	18,050	0.18 %
Samuel Minzberg	Elected	8,712,545	87.90 %	1,199,235	12.10 %
Daniel Rabinowicz	Elected	8,712,541	87.90 %	1,199,239	12.10 %
Gillian Reitman	Elected	9,293,326	93.76 %	618,454	6.24 %
Stephen F. Reitman	Elected	9,296,330	93.79 %	615,450	6.21 %
Anita Sehgal	Elected	9,348,226	94.31 %	563,554	5.69 %
Terry Yanofsky	Elected	8,712,545	87.90 %	1,199,235	12.10 %

At the Meeting, the shareholders of the Corporation also approved a resolution adopting the amendment to the Second Amended and Restated Share Option Plan of the Corporation (the "Option Plan") in order to change the maximum number of Class A non-voting shares of the Corporation ("Class A Non-Voting Shares") issuable from time to time under the Option Plan from 3,500,000 Class A Non-Voting Shares to 4,300,000 Class A Non-Voting Shares. A copy of the Circular is available under the Corporation's profile on SEDAR+ at www.sedarplus.ca.  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, visit www.reitmanscanadalimited.com.

For further information, please contact:

Alexandra Cohen VP, Corporate Communications Reitmans (Canada) Limited Telephone: [phone] ext 23737 Email: [e-mail]

Richard Wait Executive Vice-President and Chief Financial Officer Reitmans (Canada) Limited Telephone: [phone] ext 23050 Email: [e-mail]

SOURCE Reitmans (Canada) Ltd

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