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Stingray (TSX:RAY.A) announces Ukrainian sponsorship program

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TSX:RAY.A
22 March 2022 13:30 (EDT)
Stingray Group - CEO, Eric Boyko.

Source: Stingray Group.

Stingray (RAY.A) has enlisted 18 Quebecois firms to sponsor up to 1,000 Ukrainian families.

The program, which includes jobs, lodging and means of subsistence, is in response to Russia’s ongoing invasion of Ukraine that began on February 24.

Participating companies include Alimentation Couche-Tard, National Bank of Canada, Bombardier, Broccolini, CAE, Coveo, Group HELIOS, Intelcom, JPMA Global, KPMG, Novacap, Plusgrade, Pomerleau, Resolute Forest Products, Trans-Pro Logistics, SAJO, 5N Plus and Stingray.

Stingray CEO Eric Boyko, himself of Ukrainian descent, spearheaded the initiative.

“As we watched the conflict unfold and witnessed the forced displacement of millions of Ukrainians, we could not stand by without doing our part,” said Boyko. “We are impressed by the quick response, active participation of businesses and interest of all levels of government in making this initiative a reality.”

Stingray Group is a global music, media and technology company.

Stingray (RAY.A) is down by 0.4 per cent trading at $7.45 per share as of 1:07 pm EST.

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