UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 29, 2000
The Chalone Wine Group, Ltd.
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(Exact Name of Registrant as Specified in Charter)
California 0-13406 94-1696731
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(State or Other (Commission (IRS Employer
Jurisdiction of Incorporation) File Number) Identification No.)
621 Airpark Road
Napa, California 94558
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 707-254-4200
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Item 5. Other Events.
The Chalone Wine Group, Ltd. (the "Company") recently completed the
issuance of 833,334 shares of its common stock upon the exercise of all of the
Company's issued and outstanding $7.45 warrants issued pursuant to that certain
Omnibus Agreement dated August 22, 1995 (the "1995 Warrants").
All of the shares issued upon the exercise of the 1995 Warrants have
been, or will be, issued pursuant to an exemption from the registration
requirements of federal and state securities laws and, consequently, the
certificates representing the shares bear an appropriate restrictive legend. The
terms of the 1995 Warrants provide all warrantholders with certain registration
rights. The Company has not received notice that any warrantholders intend to
demand registration of any shares of the Company's common stock received on the
exercise of the 1995 Warrants.
The Company received gross proceeds of $6,208,338.25 from the exercise
of the 1995 Warrants. The Company anticipates using such proceeds for
acquisition of certain vineyard properties and working capital.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
The Chalone Wine Group, Ltd.
(Registrant)
By: /s/ Thomas B. Selfridge
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Thomas B. Selfridge
Chief Financial Officer
Dated: March 10, 2000