Diamond Estates Wines & Spirits Announces Issuance of Deferred Share Units

Rhea-AI Summary

Diamond Estates Wines & Spirits (TSXV: DWS) has announced the issuance of deferred share units (DSUs) to its non-executive directors. The company issued a total of 221,875 DSUs at a deemed price of $0.20 per DSU, settling $44,375.00 in deferred directors' compensation. These DSUs will be converted to common shares when the respective directors retire from all company positions.

Niagara-on-the-Lake, Ontario--(Newsfile Corp. - July 14, 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 $0.20 have been issued by the Company to non-executive directors in settlement of $44,375.00 of deferred directors' compensation. The DSUs are to be settled in common shares of the Company when the director retires from all positions with the Company.

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, Kaiken wines from Argentina, 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, Talamonti and Cielo wines from Italy, Porta 6, Julia Florista, Catedral and Cabeca de Toiro wines from Portugal, 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, Bench Brewery from Niagara, Rodenbach beer from Belgium, La Trappe beer from the Netherlands, 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 & 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/258811

FAQ

How many DSUs did Diamond Estates Wines & Spirits (TSXV: DWS) issue in July 2025?

Diamond Estates issued 221,875 DSUs at a deemed price of $0.20 per DSU, totaling $44,375.00 in deferred directors' compensation.

What is the purpose of the DSU issuance by Diamond Estates (TSXV: DWS)?

The DSUs were issued to non-executive directors as settlement for deferred directors' compensation and will be converted to common shares upon their retirement from the company.

When will Diamond Estates' (TSXV: DWS) DSUs be converted to common shares?

The DSUs will be settled in common shares of Diamond Estates when the respective director retires from all positions with the company.

What is the price per DSU for Diamond Estates' (TSXV: DWS) July 2025 issuance?

The DSUs were issued at a deemed price of $0.20 per DSU.