Market Overview

Rémy Cointreau: Implementation of a Share Buyback Program

Share:

Regulatory News:

At its meeting on 24 July 2018, the Board of Directors of Rémy Cointreau
(Paris:RCO) decided, in accordance with the 21st and 22nd
resolutions approved by the Shareholders' Meeting on 24 July 2018, to
authorize the Group's Chief Executive Officer to implement a share
buyback program. In accordance with this authorization, a mandate was
granted to an investment services provider to purchase shares of Rémy
Cointreau SA.

The purpose of the buyback program is to enable the following
transactions to be performed, in decreasing order of priority: 1. To
cancel shares as part of a capital reduction ; 2. To cover obligations
in respect to marketable securities giving access to capital ; 3. To
cover obligations in respect to the allocation of free share programs to
employees and/or Directors and Officers of the Company and/or companies
related to it.

The investment services provider may purchase, on the dates it deems
appropriate, up to a maximum of 1 million shares under pricing
conditions authorized by the Shareholders' Meeting on 24 July 2018 in
the 21st resolution.

This buyback program will end at the latest on 30 April 2019.
Rémy
Cointreau reserves the right to stop the buyback program.

This decision does not affect the performance of the liquidity contract
signed by the company.

The description of the share buy-back program (detailed in the chapter
7.3.4, pages 221-224 of the Registration Document 2017/18, filed with
the AMF under number D.18-0622) and the text of the above-mentioned 21st
and 22nd resolutions are available on the Group's
website www.remy-cointreau.com
- section « Finance ».

View Comments and Join the Discussion!