Andrew Peller Limited

Andrew Peller Limited

February 22, 2007 16:36 ET

Andrew Peller Limited: Intention to Distribute Securities

GRIMSBY, ONTARIO--(CCNMatthews - Feb. 22, 2007) - Andrew Peller Limited (TSX:ADW.A) (TSX:ADW.B) announced today that the Peller Family has advised the Corporation of its intention to sell up to an aggregate of 30,000 Class A Non-Voting Shares ("Class A shares") of the Corporation for the purposes of tax and estate planning. The Peller family currently holds 2,930,988 Class A shares. The Peller family also holds 1,999,434 Class B Voting Shares ("Class B shares") representing over 66% of voting shares. None of these Class B shares will be offered for sale. If the sale is completed, the selling shareholder will be Jalger Limited (the controlling shareholder of the Corporation). Any sale will be completed through the facilities of the Toronto Stock Exchange, subject to market and other conditions.

This announcement is issued in support of the Corporation's commitment to enhanced corporate governance by press release disclosure in advance of intended trading activity in the Corporation's shares by the Corporation's controlling shareholder.

Andrew Peller Limited ("APL" or the "Company") is a leading producer and marketer of quality wines in Canada. With wineries in British Columbia, Ontario and Nova Scotia, the Company markets wines produced from grapes grown in Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys and from vineyards around the world. The Company's award-winning premium and ultra-premium brands include Peller Estates, Trius, Hillebrand, Thirty Bench, Sandhill, Copper Moon, Calona Vineyards Artist Series VQA wines and Red Rooster. Complementing these premium brands are a number of popular priced products including Hochtaler, Domaine D'Or, Schloss Laderheim, Royal and Sommet. With the acquisition of Cascadia Brands Inc. ("Cascadia") in fiscal 2006, the Company also markets craft beer under the Granville Island brand. With a focus on serving the needs of all wine consumers, the Company produces and markets consumer-made wine kit products through Winexpert Inc. and Vineco International Products Ltd. In addition, the Company owns and operates Vineyards Estate Wines and WineCountry Vintners, independent wine retailers in Ontario with more than 100 well-positioned retail locations. The Company's products are sold predominantly in Canada. Andrew Peller Limited's common shares trade on the Toronto Stock Exchange (symbol: ADW.A and ADW.B).

Contact Information

  • Andrew Peller Limited
    Mr. Peter B. Patchet
    Chief Financial Officer and Executive V.P. Human Resources
    (905) 643-4131 Ext. 2210
    (905) 643-8927 (FAX)