NIAGARA-ON-THE-LAKE, ON,
Feb. 27, 2018 /CNW/ - Diamond Estates
Wines & Spirits Inc. ("Diamond Estates" or "the Company")
(DWS-TSX Venture) today announced that it has issued stock options
to a key member of the management team.
The Company considers stock options to be an important incentive
to align its management team with the objective of building
shareholder value over the long term. Consistent with this
philosophy, the following employee has been granted options:
Employee and
Position
|
Grant Date
|
Options
|
Strike
Price
|
Tim
McChesney
|
February 27,
2018
|
500,000
|
$0.27
|
Senior
Vice-President, Marketing and
Strategy
|
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 option grants reflect the key role being performed
by Tim 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 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 Josh
Cellars wines from California, Fat
Bastard wines from France, Kaiken
wines from Argentina, Marston's 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 beers 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.