Regulatory News:
The Subscription Price of the shares to be issued under the "My
Rémy Cointreau" plan, the first capital increase of Rémy Cointreau
(Paris:RCO) reserved for its employees in France, has been set by
decision of Rémy Cointreau's Chief Executive Officer upon
delegation of the Board of Directors.
The Subscription Price was set on 22 June 2021 at €134.20 per
share.
This Price corresponds to the average of the 20 opening prices
of the Rémy Cointreau share on Euronext Paris over the period from
25 May 2021 (inclusive) to 21 June 2021 (inclusive), to which a
discount of 20% is applied. The subscription period is from 24 June
(inclusive) to 13 July (inclusive).
The following information is a reminder of the other terms and
conditions of the "My Rémy Cointreau" operation in 2021:
Issuer Rémy Cointreau, Société Anonyme (French public
limited company) with a share capital of €80,239,659.20, having its
registered office at rue Joseph Pataa, Ancienne rue de la Champagne
- 16100 COGNAC, ANGOULEME Trade and Companies Register No. 302 178
892 (the "Company")
Listing: Euronext Paris (France) ISIN Code: FR0000130395
Objective of the operation This plan is part of the
Company's 2030 transformation roadmap, which aims to position Rémy
Cointreau as the world leader in exceptional spirits. In this
respect, the Company wishes to recognise through this plan the
commitment of its employees, as well as their know-how, their
professionalism and their daily commitment.
Framework of the operation The Extraordinary General
Meeting held on 23 July 2020, in its 29th resolution, delegated to
the Board of Directors, with the option of sub-delegation under the
conditions laid down by law and the Company's Articles of
Association, its authority to decide to increase the Company's
share capital on one or more occasions, up to a maximum nominal
amount of €1.5 million, with cancellation of the preferential
subscription right, in favour of employees and eligible
retirees/early retirees who are members of a company or group
savings plan of the Company and of French companies that are
affiliated to it within the meaning of Article L.225-180 of the
French Commercial Code and Article L.3344-1 of the French Labour
Code and who also meet the conditions that may be set by the Board
of Directors.
Making use of this delegation on 31 March 2021, the Board of
Directors decided to issue ordinary shares to members of a company
savings plan of the Company or of companies affiliated to it. The
Board of Directors delegated to the Chief Executive Officer the
powers necessary to implement this operation.
Terms and conditions of subscription
Beneficiaries of the offer The offer is open to all employees of
the companies of the Rémy Cointreau UES (Economic and Social Unit)
(CLS Rémy Cointreau, E. Rémy Martin & Cie, Cointreau, Rémy
Cointreau France Distribution) as well as to those of Maison J.R.
Brillet, Domaine de Hautes Glaces, Maison J. de Telmont and
Andromède, who have been with the company for at least 3 months as
of the date on which they express their choice to subscribe to "My
Rémy Cointreau". Former employees who have retired or taken early
retirement can also subscribe to the plan as soon as they have
assets in an FCPE (employee's mutual fund) of a Savings Plan.
Subscription formula The shares will be subscribed through the
My Rémy Cointreau FCPE. The employee's investment in the FCPE will
follow the evolution of the Rémy Cointreau share price, both up and
down. Subscribing to the shares allows the beneficiary subscribing
within the framework of the FCPE to benefit, under certain
conditions, from a contribution from their employer equivalent to
their personal contribution up to a maximum of €400 gross.
Characteristics of the shares The new Rémy Cointreau shares that
can be subscribed to through the My Rémy Cointreau FCPE are
ordinary shares. They will be listed for trading on Euronext Paris
on the same line as the existing shares (ISIN Code: FR0000130395).
They will carry dividend rights as of 1 April 2021 and will be
entitled to the dividend decided by the General Meeting for the
financial year beginning 1 April 2021. They will be assimilated to
the existing shares and will not be subject to any
restrictions.
The units of the My Rémy Cointreau FCPE corresponding to the
Rémy Cointreau shares subscribed to must be held by their
beneficiaries for a period of 5 years, except in the event of an
early release authorised by law.
The voting rights attached to the shares subscribed to through
the FCPE will be exercised by the Supervisory Board of the My Rémy
Cointreau FCPE or its successors.
Subscription price The subscription price is set at €134.20 per
share. It corresponds to the reference price calculated on the
basis of the 20 stock market prices observed over the period from
25 May 2021 (inclusive) to 21 June 2021 (inclusive) (i.e. €167.75
per share), discounted by 20%.
Subscription period Beneficiaries will be able to subscribe to
the offer from 24 June (inclusive) to 13 July 2021 (inclusive).
Capital increase and listing of the shares The capital
increase and delivery of the Rémy Cointreau shares will take place
on 6 August 2021 at the latest. The listing of the new Rémy
Cointreau shares issued in the framework of the present offer on
Euronext Paris will be requested as soon as possible after the
capital increase, on the same quotation line as the existing
shares.
Specific note:
This press release does not constitute an offer to sell or a
solicitation to subscribe for Rémy Cointreau shares. The offer is
strictly limited to the beneficiaries specified in this press
release, under certain conditions, and will only be made in France,
the necessary authorisations having been obtained.
This press release constitutes the information document required
to benefit from the exemptions from the obligation to publish a
prospectus provided for in Article 1 4°i) and 5°h) of Regulation
(EU) 2017/1129 of 14 June 2017. This information document is for
information purposes only and should not be considered as a form of
canvassing or solicitation for employees and former employees to
participate in the "My Rémy Cointreau" plan. No advice or
investment recommendation is given by Rémy Cointreau or any
employer regarding this plan. The decision to invest is a personal
one, to be taken by the eligible employee considering the
diversification of his or her portfolio.
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 flavours. 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 1850 employees and on its
distribution subsidiaries established in the Group’s strategic
markets. Rémy Cointreau is listed on Euronext Paris.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622006015/en/
Laetitia Delaye +33 7 87 25 36 01 Célia d’Everlange +33 6 03 65
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