Rémy Cointreau: End of the Share Buyback Programme
27 Décembre 2018 - 7:30AM
Business Wire
Regulatory News:
Rémy Cointreau (Paris:RCO):
In accordance with the decision of the Board of Directors on
July 24th, 2018 (cf. press release of August 1st, 2018), the share
buyback programme implemented on August 1st, 2018, ended on
December 20th, 2018.
Between August 1st and December 20th, 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 1st, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181226005105/en/
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Remy Cointreau (EU:RCO)
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