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    DOL   CA25675T1075

DOLLARAMA INC.

(DOL)
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Delayed Quote. Delayed Toronto Stock Exchange - 05/16 04:00:00 pm
71.97 CAD   +0.74%
04/13DOLLARAMA INC. : Ex-dividend day for
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SALE OF SHARES BY DOLLARAMA INSIDERS

12/14/2021 | 06:12pm EDT

MONTREAL, Dec. 14, 2021 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") announced today that two insiders, namely GRI Investments Inc., a private corporation controlled by the Rossy family, and The Rossy Foundation, have agreed to sell respectively 550,000 and 1,400,000 common shares of Dollarama in block trades to a financial institution, representing an aggregate of 1,950,000 common shares of Dollarama. In addition, Mr. Neil Rossy, President and Chief Executive Officer of Dollarama, will be donating 340,000 shares to The Rossy Foundation.

As a result of the sales and donation, The Rossy Foundation will hold 6,067,657 common shares of Dollarama, GRI Investments Inc. will hold 3,096,245 common shares, and Neil Rossy will hold personally 1,973,183 common shares (in addition to 444,000 options vested and exercisable), representing, in aggregate, 11,137,085 common shares or approximately 3.7% 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. to sell a portion of its holdings in Dollarama was made for financial diversification purposes. Trades are expected to close on or about December 16, 2021.

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 1,397 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 $4.00.

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 El Salvador, Guatemala, Colombia and Peru through its 312 conveniently located stores.

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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View original content:https://www.prnewswire.com/news-releases/sale-of-shares-by-dollarama-insiders-301444786.html

SOURCE Dollarama Inc.

© Canada Newswire, source Canada Newswire English

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Analyst Recommendations on DOLLARAMA INC.
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Financials
Sales 2023 4 738 M 3 670 M 3 670 M
Net income 2023 759 M 588 M 588 M
Net Debt 2023 1 879 M 1 455 M 1 455 M
P/E ratio 2023 27,3x
Yield 2023 0,32%
Capitalization 21 001 M 16 269 M 16 269 M
EV / Sales 2023 4,83x
EV / Sales 2024 4,47x
Nbr of Employees 14 230
Free-Float 96,1%
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Dollarama Inc. Technical Analysis Chart | DOL | CA25675T1075 | MarketScreener
Technical analysis trends DOLLARAMA INC.
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 71,97 CAD
Average target price 76,77 CAD
Spread / Average Target 6,67%
EPS Revisions
Managers and Directors
Neil George Rossy President, Chief Executive Officer & Director
Jean Philippe Towner Chief Financial Officer
Stephen K. Gunn Chairman
Nicolas Hien Chief Information Officer
Johanne Choinière Chief Operating Officer
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