NIAGARA-ON-THE-LAKE, ON,
Jan. 19, 2018 /CNW/ - Diamond Estates
Wines & Spirits Inc. (the "Company" or "Diamond Estates")
(http://www.diamondestates.ca) (TSXV: DWS), today announced that
the Company has issued stock options to two key management
personnel.
The Company considers stock options to be a key incentive to
align its management team with the objective of building
shareholder value over the long term. Consistent with this
philosophy, the following employees have been granted options:
|
Employee
|
Position
|
Grant Date
|
Options
|
Strike
Price
|
|
Christopher
Terrio
|
President, Kirkwood
Diamond Canada
|
January 18,
2018
|
500,000
|
$0.29
|
|
Nicole
Greene
|
Vice-President,
People and Culture
|
January 18,
2018
|
250,000
|
$0.29
|
Each option is exercisable for the purchase of one common share
for up to five years from the date of issuance at which time they
expire. The options, which are being issued under the Company's
existing option programme, vest at the rate of 25% on each
anniversary of the issuance date.
"These stock options grants reflect the key roles being
performed by Chris and Nicole in the successful execution of
Diamond Estates' strategic plan," said Murray Souter, President & CEO of Diamond
Estates. "Our greatest asset is our people, and the Board of
Directors of the Company is committed to ensuring that management's
success is aligned with that of shareholders."
About Diamond Estates Wines and Spirits Inc.
Diamond Estates Wines and Spirits Inc. is a producer of high
quality wines and a sales agent for over 120 beverage alcohol
brands across Canada. The company operates two wineries in the
Niagara region of Ontario
producing VQA and blended wines under such well-known brand names
as 20 Bees, EastDell Estates, Lakeview Cellars, Dois Amigos,
Dan Aykroyd, Benchmark and Seasons.
Through its subsidiary, Kirkwood Diamond
Canada, the Company is the sales agent for top selling
international brands in all regions of the country as well as being
a distributor in the western provinces. These recognizable
brands include Fat Bastard wines from France, Kaiken wines from Argentina, Charles
Wells beers from England,
Hpnotiq Liqueur from France,
Anciano wines from Spain,
Francois Lurton wines from
France and Argentina, Blue Nun wines from Germany, coolers and spirits from Independent
Distillers in New Zealand, Brick
Brewing from Canada, Evan Williams
Bourbon from USA, Iceberg
Vodka from Canada and many others. For further information on the
company, please visit the company's SEDAR profile at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Diamond Estates Wines & Spirits Inc.