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Diamond Estates Wines & Spirits Inc. Announces Issuance of Deferred Share Units, Share Options and Reminds Shareholders of AGM Voting
Newsfileยท 2025-10-23 21:30
Company Announcements - Diamond Estates Wines & Spirits Inc. has issued 248,683 deferred share units (DSUs) to non-executive directors at a deemed price of $0.19 per DSU, totaling $47,250 in deferred compensation [1] - The company has granted 600,000 share options to Basman Alias, the new Chief Financial Officer, at a strike price of $0.19 per share option, which are exercisable for five years and vest at 25% annually [2][3] Strategic Insights - The share option grants are indicative of the key role Basman Alias plays in executing Diamond Estates' strategic plan, emphasizing the alignment of management success with shareholder interests [3] Upcoming Events - The company encourages shareholders to vote in advance of the upcoming shareholder meeting on October 30, 2025, due to ongoing Canada Post service disruptions, with proxy votes required by October 28, 2025 [3] Company Overview - Diamond Estates is a producer of high-quality wines and ciders, operating four production facilities in Canada and representing over 120 beverage alcohol brands [4][5]