REMY COINTREAU UNSP/ADR - REMYY STOCK NEWS

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.

Rémy Cointreau has announced a dividend of €2.85 per share, payable on October 3, 2022, to stockholders recorded as of July 28, 2022. This dividend has resulted in an adjustment of the conversion/exchange ratio for bondholders from 1.011 to 1.018, effective on the same payment date. The adjustment reflects the financial implications of the dividend in accordance with bond conditions.

Rémy Cointreau reported a robust sales performance of 409.9 million euros in Q1 2022-23, marking an increase of 27.0% in organic growth compared to the previous year. The results reflect a strong price/mix effect of 14.5% and volume growth of 12.5%, driven by the United States and EMEA regions. Notably, the Cognac division saw a 31.5% organic growth, while the Liqueurs & Spirits division grew by 19.4%. Full-year guidance remains positive, underpinned by strong demand and healthy inventory levels.

The Combined General Meeting of Rémy Cointreau shareholders took place on 21 July 2022 in Paris. The meeting approved the financial statements for 2021/22 and set the ordinary dividend at €1.85 per share, along with an exceptional dividend of €1.00 per share, with options for cash or shares. Dividends will go ex-dividend on 27 July 2022 and be paid from 3 October 2022. Governance changes include renewing several directorships and appointing Alain Li as an independent director. Marie-Amélie de Leusse will succeed Marc Hériard Dubreuil as Chair of the Board.

Rémy Cointreau released a regulatory update regarding its share and voting rights as of June 30, 2022. The company has a total of 51,152,502 shares and 81,507,101 exercisable voting rights. The theoretical voting rights stand at 81,927,853. Rémy Cointreau, headquartered in Cognac, operates under the ISIN code FR0000130395 and is listed on Euronext Paris under the ticker RCO.

Rémy Cointreau reported liquidity actions as of June 30, 2022, detailing the assets in its liquidity account, which included 24,051 shares valued at €1,690,241.27. The report highlighted a total of 1,912 buy-side executions for 94,757 shares worth €16,928,070.20, and 1,459 sell-side executions for 72,768 shares totaling €13,043,283.59.

This data reflects an increase in trading activity compared to the previous period, where 2,062 shares were valued at €5,582,094.44, with lower volumes of buy and sell transactions.

Rémy Cointreau has disclosed key data regarding its share structure as of 31 May 2022. The company has a total of 51,152,502 shares with 81,508,138 exercisable voting rights. The total number of theoretical voting rights stands at 81,927,850. This information complies with Article L.233-8 II of the French commercial code and relevant regulations from the Financial Markets Authority (AMF).

The Board of Directors of Rémy Cointreau has proposed key governance changes to be approved at the General Meeting on July 21, 2022. Marie-Amélie de Leusse is nominated as Chair, succeeding Marc Hériard Dubreuil, while Alain Li is proposed as an independent director. Marie-Amélie has been Vice-Chair since July 2019 and has a strong background in finance within the company. Additionally, Caroline Bois is proposed as Vice-Chair. These changes reflect a generational transition in leadership, maintaining continuity in the company's strategic direction.

Rémy Cointreau reported consolidated sales of €1,312.9 million for 2021-22, an increase of 27.3% on an organic basis and 29.4% compared to 2019-20. The Current Operating Profit rose to €334.4 million, reflecting a remarkable organic growth of 39.9%. The Current Operating Margin reached a record high of 25.5%, up 2.3 pp on an organic basis. Net profit attributable to the Group was €212.5 million, up 47.0%. The company aims for continued growth in 2022-23, despite inflation and pandemic impacts, with expectations of strong first-quarter sales.