Diamond Estates Wines & Spirits Announces issuance of Deferred Share Units
Diamond Estates Wines & Spirits (TSXV: DWS) has announced the issuance of 221,875 deferred share units (DSUs) to its non-executive directors. The DSUs were issued at a deemed price of $0.20 per unit, settling a total of $44,375.00 in deferred directors' compensation. These DSUs will be converted into common shares of the company upon the respective directors' retirement from all company positions.
Diamond Estates Wines & Spirits (TSXV: DWS) ha annunciato l'emissione di 221.875 unità di azioni differite (DSU) ai suoi direttori non esecutivi. Le DSU sono state emesse a un prezzo presunto di $0,20 per unità, per un totale di $44.375,00 in compenso differito per i direttori. Queste DSU saranno convertite in azioni ordinarie della società al momento del pensionamento dei rispettivi direttori da tutte le posizioni aziendali.
Diamond Estates Wines & Spirits (TSXV: DWS) ha anunciado la emisión de 221,875 unidades de acciones diferidas (DSUs) a sus directores no ejecutivos. Las DSUs se emitieron a un precio considerado de $0.20 por unidad, totalizando $44,375.00 en compensación diferida para los directores. Estas DSUs se convertirán en acciones comunes de la empresa al momento de la jubilación de los respectivos directores de todos los cargos en la empresa.
다이아몬드 에스테이트 와인 & 스피리츠 (TSXV: DWS)는 비상임 이사들에게 221,875개의 이연 주식 단위(DSU)를 발행했다고 발표했습니다. DSU는 주당 $0.20의 가정된 가격에 발행되어, 총 $44,375.00의 이연 이사 보상을 설정하였습니다. 이러한 DSU는 해당 이사들이 모든 회사 직위에서 은퇴할 때 보통주로 전환될 것입니다.
Diamond Estates Wines & Spirits (TSXV: DWS) a annoncé l'émission de 221 875 unités d'actions différées (DSU) à ses administrateurs non exécutifs. Les DSUs ont été émises à un prix réputé de 0,20 $ par unité, totalisant 44 375,00 $ en compensation différée pour les administrateurs. Ces DSUs seront converties en actions ordinaires de la société lorsque les administrateurs concernés prendront leur retraite de tous les postes au sein de l'entreprise.
Diamond Estates Wines & Spirits (TSXV: DWS) hat die Ausstellung von 221.875 aufgeschobenen Aktieneinheiten (DSUs) für seine nicht-executiven Direktoren bekannt gegeben. Die DSUs wurden zu einem geschätzten Preis von 0,20 $ pro Einheit ausgegeben und summieren sich auf insgesamt 44.375,00 $ an aufgeschobener Vergütung für Direktoren. Diese DSUs werden in Stammaktien des Unternehmens umgewandelt, wenn die jeweiligen Direktoren aus allen Unternehmenspositionen in den Ruhestand treten.
- None.
- Potential future dilution of shareholders upon DSU conversion to common shares
- Use of equity-based compensation indicates possible cash conservation strategy
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - February 3, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or "the Company") announced that it has issued deferred share units ("DSUs") to its directors as of today. Pursuant to the Company's deferred share unit plan, an aggregate of 221,875 DSUs at a deemed price per DSU of
About Diamond Estates Wines and Spirits Inc.
Diamond Estates Wines and Spirits Inc. is a producer of high-quality wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates four production facilities, three in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity and Backyard Vineyards.
Through its commercial division, Trajectory Beverage Partners, the Company is the sales agent for many leading international brands in all regions of the country. These recognizable brands include Fat Bastard, and Gabriel Meffre wines from France, Brimoncourt Champagne from France, Rossi D'Asiago Limoncello from Italy, Kaiken wines from Argentina, Blue Nun and Erben wines from Germany, Kings of Prohibition and McWilliams Wines from Australia, Yealands Family Wines and Joiy Sparkling wine from New Zealand, Cofradia Tequilas from Mexico, Maverick Distillery spirits (including Tag Vodka, Ginslinger Gin and Barnburner Whisky) from Ontario, Cavit, Talamonti and Cielo wines from Italy, Porta 6, Julia Florista, Catedral and Cabeca de Toiro wines from Portugal, Edinburgh Gin, Tamdhu, Glengoyne and Smokehead single-malt Scotch whiskies from Scotland, Islay Mist and Waterproof blended Scotch whiskies from Scotland, Glen Breton Canadian whiskies, C.K Mondavi & Family, Line 39, Harken, FitVine and Rabble wines from California & Charles Krug wines from Napa Valley, Hounds Vodka from Canada, Bols Vodka from Amsterdam, Koyle Family Wines from Chile, Rodenbach and La Trappe beer from Belgium, and Tequila Rose Strawberry Cream, Five Farms Irish Cream Liqueur, Broker's Gin, Hussong's Tequila, 360 Vodka and Holladay Bourbon from McCormick Distilling International.
For more information, please contact:
Andrew Howard
President & C
Diamond Estates Wines & Spirits Inc.
ahoward@diamondwines.com
Ryan Conte, CPA, CA, CBV
Chief Financial Officer
Diamond Estates Wines & Spirits Inc.
rconte@diamondwines.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239497
FAQ
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When will Diamond Estates Wines & Spirits (DWWEF) DSUs convert to common shares?
What is the deemed price per DSU for Diamond Estates Wines & Spirits (DWWEF) February 2025 issuance?
