Rémy Cointreau: End of the Share Buyback Programme

Rhea-AI Summary

Rémy Cointreau announced the conclusion of its share buyback program on December 8, 2021, acquiring 982,713 shares, equivalent to 1.90% of its share capital, at an average price of 172.51 euros. The shares will be used to decrease share capital through cancellation, fulfill obligations from free share incentive programs, and meet commitments arising from securities. This buyback aligns with the company's strategic objectives to enhance shareholder value without impacting the ongoing liquidity contract.

Positive

• Acquired 982,713 shares, enhancing shareholder value.
• Share capital reduction intended through share cancellation.

Negative

• None.

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

Rémy Cointreau (Paris:RCO):

In accordance with the decision of the Board of Directors on June 2^nd, 2021 (cf. press release of June 3^rd, 2021), the share buyback programme implemented on June 7^th, 2021, ended on December 8^th, 2021.

Between June 7^th and December 8^th, 2021, the Group acquired 982 713 shares (representing 1.90% of the share capital of the company), at an average price of 172.51 euros.

As announced in the press release dated June 3^rd, 2021, the shares thus acquired will be allocated to the following objectives: 1. Decrease the share capital by cancelling treasury shares; 2. Meet obligations arising from free share incentive programmes for employees and/or corporate officers of the company and/or its affiliates; and 3. Meet obligations arising from securities giving access to the share capital.

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

The details of the operations carried out under this buyback programme are available on

Rémy Cointreau’s website: www.remy-cointreau.com in the section “Finance/Regulatory Information”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005774/en/

For more information please contact:

Investor relations

Célia d’Everlange : + 33 6 03 65 46 78

Source: Rémy Cointreau

FAQ

What is the purpose of Rémy Cointreau's share buyback program?

The share buyback program aims to reduce share capital via cancellation, fulfill employee incentive program obligations, and meet securities commitments.

How many shares did Rémy Cointreau buy back?

Rémy Cointreau repurchased 982,713 shares during the buyback program.

What was the average price for the shares bought back by Rémy Cointreau?

The average price for the shares acquired was 172.51 euros.

When did the share buyback program for Rémy Cointreau end?

The share buyback program ended on December 8, 2021.