Rémy Cointreau: End of the Share Buyback Programme
PARIS--(BUSINESS WIRE)--Dec 27, 2018--Regulatory News:
Rémy Cointreau (Paris:RCO):
In accordance with the decision of the Board of Directors on July 24 th, 2018 (cf. press release of August 1 st, 2018), the share buyback programme implemented on August 1 st, 2018, ended on December 20 th, 2018.
Between August 1 st and December 20 th, 2018, the Group acquired the maximum number of shares authorized by the board for this share buyback programme, that is 1,000,000 shares (representing 1.96% of the share capital of the company), at an average price of 103.60 euros.
As announced in the press release dated August 1 st, 2018, the shares thus acquired will be allocated to the following objectives: 1. To cancel shares as part of a capital reduction; 2. To cover obligations in respect of marketable securities giving access to capital; 3. To cover obligations with respect to the allocation of free-share programmes for employees and/or directors and officers of the company and/or companies related to it.
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 – see the Finance/Regulatory Information section.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181226005105/en/
Laetitia Delaye – +33 7 87 25 36 01
KEYWORD: EUROPE FRANCE
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE WINE & SPIRITS
SOURCE: Rémy Cointreau
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PUB: 12/27/2018 01:30 AM/DISC: 12/27/2018 01:31 AM