MONTREAL, July 27,
2023 /CNW/ - Dollarama Inc. (TSX: DOL) ("Dollarama"
or the "Corporation") announced today that GRI Investments Inc.,
a private corporation controlled by the Rossy family, The
Rossy Foundation, and Neil Rossy,
have agreed to sell respectively 507,785, 754,078 and 394,637
common shares of Dollarama in block trades to a financial
institution, representing an aggregate of 1,656,500 common
shares of Dollarama.
Once the trades are settled, GRI Investments Inc. will hold
2,031,136 common shares, The Rossy Foundation will
hold 3,016,311 common shares, and Neil
Rossy will hold personally 1,578,546 common shares,
representing, in aggregate, 6,625,993 common shares or
approximately 2.3% of the Corporation's total number of common
shares issued and outstanding.
Proceeds from the sale of shares by The Rossy Foundation
will be used to fund existing commitments to charitable
organizations. The decision by GRI Investments Inc. and
Neil Rossy to sell a portion of
their holdings in Dollarama was made for financial diversification
purposes. Trades are expected to close on or about July
31, 2023.
About Dollarama
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 1,507 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 $5.00.
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
448 conveniently located stores in El
Salvador, Guatemala,
Colombia and Peru.
About The Rossy Foundation
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.
www.dollarama.com
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SOURCE Dollarama Inc.