S&P Dow Jones Indices Announces Changes to the S&P/TSX 60 Index and S&P/TSX Composite Index

Executive Summary

• Shareholders of Gildan Activewear Inc. and Hanesbrands Inc. have agreed to a Plan of Arrangement that will combine the two companies.
• Each Hanesbrands share will be exchanged for US $0.80 in cash plus 0.102 shares of Gildan Activewear, increasing Gildan’s total shares outstanding to 185,338,948.
• The change will take effect prior to the open of trading on December 2, 2025, with Gildan remaining at a weight‑factor (IWF) of 1.0 in the S&P/TSX indices.

Key Details

• Transaction Structure: Plan of Arrangement between Gildan Activewear Inc. (TSX: GIL) and Hanesbrands Inc. (NYSE: HBI).
• Consideration to Hanesbrands Shareholders: US $0.80 cash plus 0.102 shares of Gildan Activewear per Hanesbrands share held.
• Share Count Impact: Gildan’s outstanding shares will increase to 185,338,948 effective before the market opens on December 2, 2025.
• Index Implications: Gildan Activewear will retain an IWF of 1.0 in both the S&P/TSX 60 Index and the S&P/TSX Composite Index; no change to index weighting beyond the share count adjustment.
• Effective Date: Prior to open of trading on 2025‑12‑02.

Notable Quotes

(No executive quotes were provided in the release.)