Enhanced Investments - Financial Portal

STATEMENT BY GLENN J. CHAMANDY

Published: 2023-12-18 13:44:00 ET

MONTREAL, Dec. 18, 2023 /PRNewswire/ - Glenn J. Chamandy, former President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the "Company"), today issued the following statement:

Contrary to media reports, I gave no ultimatum to Gildan's board with respect to any strategy or potential acquisitions.

This is a sideshow to distract from the reaction the shareholders have had with respect to the board's handling of succession planning, in which I was not involved. I did not and could not orchestrate or control the events; the board conducted the process.

I do believe, it is essential that a leadership transition be conducted in a manner consistent with Gildan's successful track record. Preserving our talent, culture and expertise - the pillars of our success - is vital. Obviously considering shareholder engagement is integral to the decision-making process.

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SOURCE Glenn J. Chamandy

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.