Rémy Cointreau: Share Capital Reduction by Cancellation of Treasury Shares

Rhea-AI Summary

On January 13, 2022, the Board of Directors of Rémy Cointreau approved a share capital reduction by cancelling 750,000 treasury shares, representing 1.45% of its capital. Following this action, the share capital is now €81,793,372.80, divided into 51,120,858 shares with a par value of €1.60 each. Rémy Cointreau holds 398,763 treasury shares, equating to 0.78% of its capital. The decision does not impact the liquidity contract previously established by the Company.

Positive

• Share capital reduced, which may enhance shareholder value.
• Increased share price potential due to reduced share count.

Negative

• Cancellation of a significant number of shares may indicate previous overvaluation.

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

At its meeting on 13 January 2022, the Board of Directors of Rémy Cointreau (Paris:RCO) has, pursuant to authorization from the combined general meeting dated July 22, 2021, decided to reduce the share capital of the Company by cancelling 750,000 treasury shares (1.45 % of the share capital), as announced in the press release dated 9 December 2021 relating to the end of its share buyback programme. It had previously noted the completion of a capital increase of 20,473 shares following the early conversion of a new part of the OCEANE debt.

Consequently, the share capital of Rémy Cointreau amounts to €81,793,372.80 divided into 51,120,858 shares with a par value of €1.60 each.

Rémy Cointreau now owns 398,763 in treasury shares (of which 396,701 shares to meet obligations arising from free share incentive programmes and 2,062 shares of assets on the liquidity account as of December 31, 2021), or 0.78% of its share capital after reduction.

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

	Number of shares	As % of total
Number of shares comprising the share capital at 09/30/2021	51,850,385	-
Capital increase in relation to the OCEANE	20,473	0.04%
Cancellation of treasury shares	(750,000)	(1.45%)
Number of shares comprising the share capital at 01/13/2022	51,120,858	-

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/20220113005639/en/

For more information please contact:

Investor relations

Célia d’Everlange: + 33 6 03 65 46 78

Source: Rémy Cointreau

FAQ

What is the recent share capital change for REMYY?

Rémy Cointreau's Board decided to reduce the share capital by cancelling 750,000 treasury shares on January 13, 2022.

How many shares does Rémy Cointreau have after the recent cancellation?

After the cancellation, Rémy Cointreau has 51,120,858 shares in circulation.

What percentage of shares were cancelled by Rémy Cointreau?

1.45% of the share capital was cancelled by Rémy Cointreau.

What is the new share capital amount for REMYY?

The new share capital for Rémy Cointreau is €81,793,372.80.