Rémy Cointreau: Implementation of a Share Buyback Program
Rémy Cointreau's Board of Directors has initiated a share buyback program, allowing the purchase of up to 1 million shares, representing 1.94% of its capital.
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In accordance with resolutions 18 and 19 approved by the Shareholders’ Meeting on
Pursuant to this authorisation, an investment services provider will be instructed to purchase up to a maximum of 1 million shares of Rémy
The purpose of the buyback program is to enable the following transactions to be performed, in decreasing order of priority:
- Decrease the share capital by cancelling treasury shares
- Hold all or part of the shares acquired with a view to their subsequent exchange or use as payment in relation to acquisitions, contributions, mergers and share splits
- Meet obligations arising from free share incentive programmes for employees and/or corporate officers of the company and/or its affiliates
- Meet obligations arising from securities giving access to the share capital.
Subject to market conditions2 , this buyback programme will expire no later than
Regulated information in connection with this press release can be found at www.remy-cointreau.com.
1See section 7.1.4 of the 2021-22 Universal Registration Document
2 The implementation of these buybacks, their duration, and the final amounts thus repurchased will depend in particular on market conditions.
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