Reitmans (Canada) Limited (TSE:RET) has released an update.
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Reitmans (Canada) Limited has granted over one million stock options to its management team, with the aim of aligning the interests of the managers with the company’s long-term performance goals. These options, priced at $2.42, will vest over a period of time as part of the company’s Long-Term Incentive Plan. Reitmans, a leading Canadian specialty apparel retailer, operates 391 stores across the country under various banners.
For further insights into TSE:RET stock, check out TipRanks’ Stock Analysis page.