Rémy Cointreau: Timetable and Procedure for Exercising Put Option of OCEANE 2026
26 Juillet 2023 - 5:35PM
Business Wire
Capitalised terms not otherwise defined in this notice shall
have the meaning attributed to them in the terms and conditions of
the Bonds (the “Conditions”).
Regulatory News:
Rémy Cointreau (Paris:RCO) reminds bondholders of the timetable
and procedures for the exercise relating to the early redemption
option of the OCEANE due on September 7, 2026, bearing interest at
0.125%, for a total nominal amount of €275.0 million (ISIN:
FR0013200995) convertible into new shares and/or exchangeable for
existing Rémy Cointreau shares (the ‘OCEANE 2026’).
Bondholders wishing to obtain early redemption of all or part of
their Bonds must submit a request to the institution with which
their Bonds are registered between July 26, 2023 and August 31,
2023 (included).
The early redemption price (the “Premium Redemption Price”) is
€110.70, plus accrued interest of €0.138375 (“redemption amount”).
Redemption will take place on September 7, 2023 (“Put Redemption
Date”) exclusively in cash.
Once validly presented by a bondholder to the relevant financial
intermediary, the early redemption request will be irrevocable, and
Rémy Cointreau will be bound to redeem all the OCEANE 2026 included
in each request so forwarded to the Fiscal Agent.
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 2,021 employees and on its
distribution subsidiaries established in the Group’s strategic
markets. Rémy Cointreau is listed on Euronext Paris.
Regulated information in connection with this
press release can be found at www.remy-cointreau.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230726781791/en/
Investor relations: Célia d’Everlange /
investor-relations@remy-cointreau.com
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