Rémy Cointreau: Termination of the Liquidity Contract

Rhea-AI Summary

Rémy Cointreau (Euronext Paris: RCO) has announced the termination of its liquidity contract with KEPLER CHEUVREUX, effective January 6, 2023. The contract, which began on April 1, 2015, showed initial resources of 0 shares and €3,126,477.80 in cash. As of December 31, 2022, the liquidity account held 20,680 shares and €2,582,752.55 in cash. Upon termination, 11,549 shares and €4,058,096.92 in cash will be returned to the company. This move reflects the company's ongoing strategy to optimize its liquidity management.

Positive

• 11,549 shares to be returned to the company upon contract termination.
• Increase in cash resources from €3,126,477.80 to €4,058,096.92 over the contract duration.

Negative

• Decline in cash resources from €3,126,477.80 at the contract's start to €2,582,752.55 by December 31, 2022.

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

Rémy Cointreau (Paris:RCO) announces the termination of the liquidity contract signed on April 1^st, 2015, with KEPLER CHEUVREUX. The termination has taken effect January 6, 2023, after market close.

The following resources appeared on the liquidity account when the contract started on April 1^st, 2015:

– 0 shares

– 3,126,477.80 euros in cash

The following resources appeared on the liquidity accounts as of December 31, 2022:

– 20 680 shares

– 2,582,752.55 euros in cash

On the termination date of the contract, the following resources appeared on the liquidity account and will be returned:

– 11,549 shares

– 4,058,096.92 euros in cash

About Rémy Cointreau

All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 14 singular brands, such as the Rémy Martin and Louis XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,924 employees and on its distribution subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230109005432/en/

Investor relations: Célia d’Everlange / investor-relations@remy-cointreau.com

Media relations: Carina Alfonso Martin / press@remy-cointreau.com

Source: Rémy Cointreau

FAQ

What was announced by Rémy Cointreau on January 6, 2023?

Rémy Cointreau announced the termination of its liquidity contract with KEPLER CHEUVREUX.

When did the liquidity contract with KEPLER CHEUVREUX start?

The liquidity contract started on April 1, 2015.

What were the cash resources at the start of the liquidity contract?

At the start of the liquidity contract, there were €3,126,477.80 in cash resources.

How many shares are to be returned to Rémy Cointreau following the contract termination?

11,549 shares will be returned to Rémy Cointreau upon termination of the contract.

What was the cash amount in the liquidity account as of December 31, 2022?

As of December 31, 2022, the liquidity account held €2,582,752.55 in cash.