Pender West Investors Inc.

July 23, 2009 11:58 ET

Pender West Investors Inc. Announces Securityholdings in Premium Brands Holdings Corporation of 13.9%

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 23, 2009) - In accordance with Canadian regulatory requirements, Pender West Investors Inc. ("Pender West") announced today that it controls, both directly and indirectly (through two corporations related to Pender West, namely Rank Agra Capital Inc. and EP Canada Film Services Inc.), and exercises control and direction over, 2,445,942 Common Shares, or approximately 13.9% of the issued and outstanding Common Shares of Premium Brands Holdings Corporation ("Premium Brands") (TSX:PBH).

The Common Shares were acquired as a result of the completion of the plan of arrangement involving, among others, the Premium Brands Income Fund and Thallion Pharmaceuticals Inc., which saw all Units of the Premium Brands Income Fund exchanged for Common Shares of Premium Brands on a 1:1 basis.

The securities of Pender West are held for investment purposes. Pender West's shareholdings may increase in the future based on the future acquisition of Common Shares by Pender West.

Premium Brands owns a broad range of leading branded specialty food businesses with manufacturing and distribution facilities located in British Columbia, Alberta, Saskatchewan, Manitoba and Washington State. In addition, Premium Brands owns proprietary food distribution and wholesale networks through which it sells both its own products and those of third parties to approximately 25,000 customers. The Premium Brands' family of brands include Grimm's, Harvest, McSweeney's, Bread Garden, Hygaard, Hempler's, Quality Fast Foods, Gloria's Fresh, Harlan's, Centennial Foodservice and B&C Foods.

Contact Information

  • Pender West Investors Inc.
    Bruce Hodge
    (604) 646-8283