Notice to the Holders of the €200,000,000 Zero Coupon Exchangeable Bonds Due 2024 Issued by ORPAR (the “Issuer”) Exchangeable Into Existing Ordinary Shares of REMY COINTREAU (the « Bonds ») (ISIN Code FR0013246147)

Rhea-AI Summary

Rémy Cointreau announced an adjustment to the Exchange Ratio of its Bonds following the approved dividend distribution of €2.85 per share for the 2021-2022 financial year. The Shareholders meeting, held on July 21, 2022, set the payment date for the dividend on October 3, 2022, to shareholders recorded by July 28, 2022. The adjustment of the Exchange Ratio will rise from 699.6053 to 704.2925, reflecting the Dividend as a Surplus Dividend, effective October 3, 2022.

Positive

• Dividend distribution of €2.85 per share enhances shareholder value.
• Adjustment to Exchange Ratio increases the value of Bonds held.

Negative

• None.

   Adjustment of the Exchange Ratio of the Bonds

PARIS--(BUSINESS WIRE)-- Regulatory News:

Capitalised terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions of the Bonds (the “Conditions”).

Holders of the Bonds are hereby informed that the Shareholders meeting of Rémy Cointreau (Paris:RCO) decided on July 21, 2022 to approve the distribution of a dividend (the “Dividend”) in the total amount of €2.85 per share for the 2021‐2022 financial year. The Dividend will be distributed on October 3, 2022, to shareholders of record on July 28, 2022.

Pursuant to the Conditions, and subject to (i) the distribution of the Dividend on 3 October 2022 and (ii) any other adjustment to the Exchange Ratio becoming effective prior to such date, notice is hereby given to Bondholders that the Dividend will constitute a Surplus Dividend in accordance with the Conditions, as a result of which, in accordance with Condition 5(a)(8), the Calculation Agent has determined that the Exchange Ratio shall be adjusted from 699.6053 to 704.2925, effective October 3, 2022.

As a result of and subject to the above, the number of Rémy Cointreau Shares held under escrow shall be adjusted in accordance with the Conditions to satisfy the Share Escrow Ratio.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005597/en/

Orpar :

Gisèle Durand _ Caroline Bois

+33144134539

Source: REMY COINTREAU

FAQ

What is the new Exchange Ratio for Rémy Cointreau Bonds?

The new Exchange Ratio for Rémy Cointreau Bonds is 704.2925, effective October 3, 2022.

When will the dividend for Rémy Cointreau be distributed?

The dividend will be distributed on October 3, 2022.

What is the amount of the dividend approved for Rémy Cointreau?

The approved dividend amount is €2.85 per share.

What date was the Rémy Cointreau dividend approved?

The dividend was approved on July 21, 2022.

Who is the source of the press release?

The press release is sourced from Rémy Cointreau.