Diamond Estates Wines & Spirits Announces Issuance of Deferred Share Units

Rhea-AI Summary

Diamond Estates Wines & Spirits (DWWEF) announced on January 16, 2026 that it issued 187,501 deferred share units (DSUs) to its non-executive directors, at a deemed price of $0.17 per DSU, in settlement of $31,875.00 of deferred directors' compensation.

Vince Timpano and Guy Blanchette renounced their compensation as nominees of Lassonde Industries. The DSUs will be settled in common shares when each director retires from all positions with the company.

Niagara-on-the-Lake, Ontario--(Newsfile Corp. - January 15, 2026) - 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 187,501 DSUs at a deemed price per DSU of $0.17 have been issued by the Company to non-executive directors, with the exception of Vince Timpano and Guy Blanchette (who have renounced their compensation as nominees of Lassonde Industries Inc.), in settlement of $31,875.00 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 serves as the sales agent for a wide range of leading international beverage brands.

Wine Portfolio:

Trajectory represents renowned wine brands, including Fat Bastard and Gabriel Meffre from France; Kaiken from Argentina; Kings of Prohibition from Australia; Yealands, Kono, Tohu, and Joiy Sparkling Wine from New Zealand; Talamonti and Cielo from Italy; Porta 6, Julia Florista, Boas Quintas, Catedral, and Cabeca de Toiro from Portugal; as well as C.K Mondavi & Family, Charles Krug, Line 39, Harken, FitVine, and Rabble from California. Trajectory also represents a broad portfolio of wines sold exclusively to restaurants, bars and private consumers.

Spirits Portfolio:

The Company also represents distinguished spirit brands such as Cofradia Tequila and Hussong's Tequila from Mexico; Islay Mist and Waterproof blended Scotch whiskies from Scotland; Glen Breton Canadian whiskies from Nova Scotia; Five Farms Irish Cream Liqueur and Broker's Gin from the UK; Tequila Rose Strawberry Cream, 360 Vodka, and Holladay Bourbon from the USA; Giffard Liqueurs from France; and Becherovka from the Czech Republic.

Beer, Cider, and RTD Portfolio:

In the beer, cider, and ready-to-drink (RTD) categories, Trajectory represents Darling Mimosas from Ontario; Rodenbach beer from Belgium; La Trappe beer from the Netherlands; and Warsteiner beer from Germany.

For more information, please contact:

Andrew Howard President & CEO ahoward@diamondwines.com Contact number: 905-685-5673

Basman Alias Chief Financial Officer balias@diamondwines.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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280602

FAQ

What did Diamond Estates (DWWEF) announce on January 16, 2026 about director compensation?

The company issued 187,501 DSUs to non-executive directors at a deemed price of $0.17 per DSU to settle $31,875.00 of deferred compensation.

How will the DSUs issued by Diamond Estates (DWWEF) be settled?

The deferred share units are to be settled in common shares when each director retires from all positions with the company.

Which Diamond Estates directors renounced their deferred compensation in the DSU issuance?

Vince Timpano and Guy Blanchette renounced their compensation as nominees of Lassonde Industries and did not receive DSUs.

What was the deemed price per DSU in Diamond Estates' issuance and the total cash equivalent?

The deemed price was $0.17 per DSU, representing $31,875.00 of deferred directors' compensation in aggregate.

Will the DSU issuance by Diamond Estates (DWWEF) immediately dilute existing shareholders?

The DSUs convert to common shares only upon director retirement; the announcement does not state immediate share issuance or quantify dilution.