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Diamond Estates Wines & Spirits Announces Voting Results from its Annual General and Special Meeting of Shareholders

NIAGARA-ON-THE-LAKE, Ontario, September 29, 2022--(BUSINESS WIRE)--Diamond Estates Wines & Spirits Inc. ("Diamond Estates" or "the Company") (DWS-TSX Venture) announced the results of voting at its annual general and special meeting of shareholders ("AGM") held today in Toronto.

The voting results for the election of directors were as follows:

Director
Nominees

Number of Shares

Percentage of Votes Cast

For

Withheld

For

Withheld

David Beutel

9,159,228

211,009

97.73%

2.27%

Guy Blanchette

9,161,588

141,034

98.51%

1.49%

John De Sousa

9,086,855

213,407

97.71%

2.29%

Claude Gilbert

9,163,188

137,074

98.53%

1.47%

Keith Harris

9,060,426

239,836

97.42%

2.58%

John Hick

9,045,226

255,036

97.26%

2.74%

Andrew Howard

9,163,628

136,634

98.53%

1.47%

Ron McEachern

9,159,621

140,641

98.49%

1.51%

The voting results for other matters before the meeting were as follows:

  • Appointment of Auditors: 98.93% of the votes were in favour of the resolution appointing PricewaterhouseCoopers LLC as auditors of the Company until the next annual meeting, and 1.07% of the votes were withheld; and

  • Annual Approval of Stock Option Plan: 94.86% of the votes were in favour of the resolution to approve the stock option plan until the next annual meeting, and 5.14% of the votes were withheld.

In the Board of Directors meeting immediately after the AGM, the following individuals were appointed officers of the Company:

David Beutel

-

Chairman

Andrew Howard

-

President and Chief Executive Officer

Ryan Conte

-

Chief Financial Officer

Tim McChesney

-

Senior Vice-President, Marketing and Strategy

Andrew Green

-

Vice-President and Secretary.

About Diamond Estates Wines and Spirits Inc.
Diamond Estates 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 wineries, three in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Queenston Mile, Shiny Apple Cider, Fresh, Proud Pour, Red Tractor, Seasons, Serenity, Persona 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 as well as being a distributor in the western provinces. These recognizable brands include Josh wines from California, Fat Bastard, Meffre, Pierre Chavin and Andre Lurton wines from France, Brimincourt Champagne from France, Merlet and Larsen Cognacs from France, Kaiken wines from Argentina, Blue Nun and Erben wines from Germany, Felix Solis wines from Spain, Calabria Family Estate Wines from Australia, Saint Clair Family Estate Wines from New Zealand, Redemption Bourbon and Rye whiskies from the U.S., Gray Whale Gin from California, Storywood and Cofradia Tequilas from Mexico, Magnum Cream Liqueur from Scotland, Talamonti and Cielo wines from Italy, Catedral and Cabeca de Toiro wines from Portugal, Waterloo Beer & Radlers from Canada, Landshark Lager from the USA, Edinburgh Gin, Tamdhu, Glengoyne and Smokehead single-malt Scotch whiskies from Scotland, Islay Mist, Grand MacNish and Waterproof whiskies from Scotland, C. Mondavi & Family wines including C.K Mondavi & Charles Krug from Napa, Wize Spirits and Hounds Vodka from Canada, Bols Vodka from Amsterdam, Koyle Family Wines from Chile and Pearse Lyons whiskies and gins from Ireland.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220928006128/en/

Contacts

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