Diamond Estates Wines & Spirits Announces Issuance of Share Options
Diamond Estates Wines & Spirits (TSXV: DWS) has issued 5,600,000 share options to 16 employees with a strike price of $0.22 per share. The options are valid for five years from issuance and vest at a rate of 25% annually. These options are part of the company's existing option program and can be exercised to purchase common shares. According to CEO Andrew Howard, the grants recognize the team members' key roles in executing the company's strategic plan and align management's success with shareholder interests.
Diamond Estates Wines & Spirits (TSXV: DWS) ha emesso 5.600.000 opzioni su azioni a 16 dipendenti con un prezzo di esercizio di 0,22 $ per azione. Le opzioni sono valide per cinque anni dalla data di emissione e maturano a un tasso del 25% all'anno. Queste opzioni fanno parte del programma di opzioni esistente dell'azienda e possono essere esercitate per acquistare azioni ordinarie. Secondo il CEO Andrew Howard, le concessioni riconoscono i ruoli chiave dei membri del team nell'attuazione del piano strategico dell'azienda e allineano il successo della direzione con gli interessi degli azionisti.
Diamond Estates Wines & Spirits (TSXV: DWS) ha emitido 5,600,000 opciones sobre acciones a 16 empleados con un precio de ejercicio de $0.22 por acción. Las opciones son válidas por cinco años a partir de su emisión y se consolidan a una tasa del 25% anual. Estas opciones son parte del programa de opciones existente de la empresa y pueden ejercerse para comprar acciones ordinarias. Según el CEO Andrew Howard, las concesiones reconocen los roles clave de los miembros del equipo en la ejecución del plan estratégico de la empresa y alinean el éxito de la dirección con los intereses de los accionistas.
다이아몬드 에스테이트 와인 & 스피리츠 (TSXV: DWS)는 5,600,000 주식 옵션을 16명의 직원에게 부여했습니다. 행사가격은 $0.22 per 주식입니다. 이 옵션은 발행일부터 5년간 유효하며, 매년 25%의 비율로 권리가 부여됩니다. 이 옵션은 회사의 기존 옵션 프로그램의 일환으로, 보통주를 구매하는 데 사용할 수 있습니다. CEO 앤드류 하워드에 따르면, 이번 부여는 팀원들이 회사의 전략적 계획을 실행하는 데 기여한 중요성을 인정하며, 관리자의 성공을 주주의 이익과 일치시키는 것입니다.
Diamond Estates Wines & Spirits (TSXV: DWS) a émis 5 600 000 options d'achat d'actions à 16 employés avec un prix d'exercice de 0,22 $ par action. Les options sont valables pour cinq ans à partir de leur émission et sont acquises à un taux de 25 % par an. Ces options font partie du programme d'options existant de l'entreprise et peuvent être exercées pour acheter des actions ordinaires. Selon le PDG Andrew Howard, ces attributions reconnaissent les rôles clés des membres de l'équipe dans l'exécution du plan stratégique de l'entreprise et alignent le succès de la direction avec les intérêts des actionnaires.
Diamond Estates Wines & Spirits (TSXV: DWS) hat 5.600.000 Aktienoptionen an 16 Mitarbeiter mit einem Ausübungspreis von 0,22 $ pro Aktie ausgegeben. Die Optionen sind fünf Jahre ab Ausgabedatum gültig und verfallen jährlich zu 25%. Diese Optionen sind Teil des bestehenden Optionsprogramms des Unternehmens und können zum Kauf von Stammaktien ausgeübt werden. Laut CEO Andrew Howard würdigen die Zuteilungen die Schlüsselrollen der Teammitglieder bei der Umsetzung des strategischen Plans des Unternehmens und bringen den Erfolg des Managements in Einklang mit den Interessen der Aktionäre.
- Alignment of management and employee interests with shareholders through equity-based compensation
- Potential future dilution of existing shareholders upon exercise of 5.6 million options
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - December 5, 2024) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that today it has issued 5,600,000 share options to 16 employees at a strike price of
"These share option grants reflect the key role being performed by these team members in the successful execution of Diamond Estates' strategic plan," said Andrew Howard, President and CEO of the Company. "Our greatest asset is our people, and the Board of Directors is committed to ensuring that management's success is aligned with that of the shareholders."
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 as well as being a distributor in the western provinces. These recognizable brands include Fat Bastard, Meffre, Pierre Chavin and Andre Lurton wines from France, Brimincourt Champagne from France, Merlet and Larsen Cognacs from France, Kaiken wines from Argentina, Blue Nun and Erben wines from Germany, Calabria Family Estate Wines and McWilliams Wines from Australia, Saint Clair Family Estate Wines and Yealands Family Wines from New Zealand, Storywood and Cofradia Tequilas from Mexico, Maverick Distillery spirits (including Tag Vodka and Barnburner Whisky) from Ontario, Talamonti and Cielo wines from Italy, Catedral and Cabeca de Toiro wines from Portugal, Edinburgh Gin, Tamdhu, Glengoyne and Smokehead single-malt Scotch whiskies from Scotland, Islay Mist, Grand MacNish and Waterproof whiskies from Scotland, C. Mondavi & Family wines including C.K Mondavi & Charles Krug from Napa and Hounds Vodka from Canada, Bols Vodka from Amsterdam, Koyle Family Wines from Chile, Pearse Lyons whiskies and gins from Ireland and McCormick Distilling International including Tequila Rose Strawberry Cream, Five Farms Irish Cream Liqueur, Broker's Gin, Hussong's Tequila, Tarantula Tequila, 360 Vodka and Holliday Bourbon.
For more information, please contact:
Andrew Howard
President & CEO
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/232706
FAQ
How many share options did Diamond Estates Wines & Spirits (DWS) issue on December 5, 2024?
What is the strike price for Diamond Estates Wines & Spirits' (DWS) newly issued share options?
What is the vesting schedule for Diamond Estates Wines & Spirits' (DWS) December 2024 share options?
What is the expiration period for Diamond Estates Wines & Spirits' (DWS) December 2024 share options?
