Rémy Cointreau: Combined General Meeting on 24 July 2018 Payment of Dividend in Shares or Cash
24 Juillet 2018 - 04:31PM
Business Wire
Regulatory News:
The Combined General Meeting of the Rémy Cointreau (Paris:RCO)
shareholders, chaired by M. Marc Hériard Dubreuil, was held on 24
July 2018 in Paris, France.
During the meeting, the financial statements for the 2017/18
financial year were approved and the overall dividend was set at
€1.65 per share. It was decided that every shareholder would be
granted the option of receiving payment of the dividend in cash or
in shares for the entire dividend paid.
The dividend coupon will be detached on 31 July 2018 and the
dividend will be payable from 17 September 2018. Shareholders who
wish to opt for the payment of the dividend in shares will have the
period from 31 July 2018 to 7 September 2018 included, to submit a
request to their financial intermediary. All shareholders who do
not exercise their option by 7 September 2018 by 17:00 (CET) at the
latest, will only receive their dividend in cash, starting from 17
September 2018.
The issue price of the new share will be €101.11.
If a shareholder’s net dividend entitlement does not correspond
to an exact number of shares, the shareholder may obtain the
immediately higher number of shares by paying, on the day they
exercise their option, the difference in cash or receive the
immediate lower number of shares, together with the balance in
cash.
The new shares will be subject to the provisions of the law and
the bylaws and will be effective from 1 April 2018, the start of
the current financial year. They will be delivered in nominative or
bearer form, at the option of the shareholder. Shareholders will
receive them from the financial intermediary where their shares are
recorded, along with an instruction request which they must
complete, sign and return.
A request will be made to admit the new shares to trading on the
Euronext Stock Exchange, Paris.
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