PARIS--(BUSINESS WIRE)--Regulatory News:
The Shareholders’ Meeting of Rémy Cointreau (Paris:RCO), held on July 18, 2024 in Cognac, has approved the payment of an ordinary dividend of €2.00 per share, related to the 2023-24 fiscal year, for which it decided to give each shareholder the option of receiving payment in cash or in shares.
The option period was open from July 26 to September 16, 2024 included. At the end of the option period 59.8% of rights were exercised in favor of the dividend payment in shares.
For the purposes of the dividend payment in shares, 907 322 new shares will be issued. As a reminder, the issuance price of the new shares to be issued in payment of the dividend is set at €67.16. It represents 90% of the average of the Company’s share prices on Euronext Paris of the 20 trading days preceding the date of the Shareholders’ Meeting less the amount of the dividend, rounded up to the nearest euro cent.
The settlement and delivery of the shares as well as their admission to trading on Euronext Paris will occur on October 1, 2024. The shares will carry dividend rights as from April 1, 2024 (the beginning of the current financial year) and will be fully assimilated to existing shares already listed.
The cash dividend to be paid to the shareholders who did not elect the share option will be paid on October 1, 2024.
Consequently, the share capital of Rémy Cointreau amounts to €83,456,465.60 divided into 52,160,291 shares with a par value of €1.60 each.
About Rémy Cointreau
All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 14 singular brands, such as the Rémy Martin and LOUIS XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,943 employees and on its distribution subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.
Regulated information in connection with this press release can be found at www.remy-cointreau.com.
