GIC Reports a More than 5 Percent Stake in Ollie’s Bargain Outlet Holdings, Inc.

Posted on 03/11/2020

Singapore’s GIC Private Limited reported a sizable 5.19% stake in Harrisburg, Pennsylvania-based Ollie’s Bargain Outlet Holdings, Inc. The reporting occurred on February 26, 2020. Founded in 1982 by Morton Bernstein, Ollie’s Bargain Outlet is a U.S. chain of discount retail stores.

GIC Private Limited has the sole power to vote and power to dispose of the 2,967,202 securities beneficially owned by it. GIC shares power to vote and dispose of 335,600 securities beneficially owned by it with the Monetary Authority of Singapore. The total shares under advisement by GIC is 3,302,802.