Reitmans (Canada) Limited (TSE:RET) has released an update.
Reitmans (Canada) Limited has successfully concluded its Annual General Meeting, resulting in the election of all director nominees as outlined in the recent Management Proxy Circular. Additionally, shareholders approved an increase to the Share Option Plan, raising the cap on issuable Class A non-voting shares from 3.5 million to 4.3 million. The company’s stable leadership and expanded option plan indicate a strategic move to incentivize performance and align interests with shareholders.
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