Rémy Cointreau Launches Its First Employee Stock Ownership Plan ‘My Rémy Cointreau 2021’ in France
08 Giugno 2021 - 8:30AM
Business Wire
Regulatory News:
In recognition of its employees’ commitment to the company, Rémy
Cointreau (Paris:RCO) is launching its first capital increase
reserved for its employees in France in 2021, with an international
opening envisaged in 2022. This will take the form of a ‘known
price’ subscription through a collective employee shareholding
fund, or FCPE. Settlement of the shares is scheduled for 6 August
2021 at the latest.
In conformity with the decision of the Rémy Cointreau Board of
Directors of 31 March 2021, the total amount dedicated to the
transaction may not exceed 50,503 shares, i.e. 0.1% of the
capital.
In accordance with the timetable determined for the transaction,
and subject to the decision of the Chief Executive Officer,
eligible employees will be able to subscribe between 24 June and 13
July 2021. The capital increase will be recorded on 6 August
2021.
The offer made to employees will allow them to subscribe at a
reference price discounted by 20%, which will be set on 22 June
2021 by the Chief Executive Officer, and will allow them to benefit
from an employer contribution equivalent to their personal
contribution up to a maximum of €400 gross.
Eric Vallat, the group’s Chief Executive Officer, said: “We have
launched an ambitious transformation plan for 2030, with the aim of
positioning ourselves as the leader of the exceptional spirits
market. The launch of My Rémy Cointreau is an important step on
this path. It places the men and women of our Group at the heart of
our project and ensures their place in the future. It demonstrates
our recognition of our employees’ commitment to the company through
their expertise which is passed down from generation to generation,
their professionalism and their involvement on a daily basis.”
Disclaimer:
More information on the ‘My Rémy Cointreau’ transaction is
available in the detailed brochure which can be viewed at
www.myremycointreau2021.com.
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 12 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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