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Premium Brands Holdings Corporation: Premium Brands Holdings Corporation Announces the Implementation of a Dividend Reinvestmen

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  Published in Health and Fitness on Tuesday, September 15th 2009 at 2:13 GMT by Market Wire
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2009) - Premium Brands Holdings Corporation (TSX:PBH), a leading producer, marketer and distributor of branded specialty food products, announced today that it has implemented a dividend reinvestment plan ("DRIP") that will provide a convenient means for eligible shareholders of Premium Brands to purchase additional Premium Brands shares by reinvesting their cash dividends.

Some of the significant terms and benefits of the DRIP are as follows:

- Shares purchased under the DRIP will be treasury shares issued directly by Premium Brands.

- The purchase price will be calculated using an average market price formula less a 5% discount.

- Registered shareholders participating in the DRIP will not incur brokerage commissions, fees or service charges.

- Proceeds from the DRIP will be used for general corporate purposes.

- Participation in the DRIP will be subject to meeting certain conditions including being a resident of Canada.

Full details on the terms of the DRIP, including the authorization form that must be completed in order to participate in the plan, can be found on Premium Brands website at [ www.premiumbrandsholdings.com ].

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, it 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.

Premium Brands' family of brands includes Grimm's, Harvest, McSweeney's, Bread Garden, Hygaard, Hempler's, Quality Fast Foods, Gloria's Best of Fresh, Harlan's, Centennial Foodservice and B&C Foods.