Rémy Cointreau announces the success of its first employee share ownership plan, “My Rémy Cointreau”, in France
06 Août 2021 - 6:14PM
Business Wire
Regulatory News:
On 8 June 2021, Rémy Cointreau (Paris:RCO) announced the launch
of its first employee share ownership plan, “My Rémy Cointreau”, in
France.
More than 630 subscribers, equating to 68.4% of eligible current
and former employees, signed up for the plan via the My Rémy
Cointreau employee investment fund (FCPE).
Rémy Cointreau’s Chief Executive Officer, Eric Vallat, said,
“This first employee share ownership plan demonstrates how keen
employees are to participate in value creation and confirms how
confident they are in the Group’s ability to deliver sustainable
growth. This show of commitment to Rémy Cointreau gives us
confidence for the future.”
Consequently, 23 457 new shares were issued on 6 August 2021.
The new shares will vest on 1 April 2021 and will be identical in
all respects to Rémy Cointreau shares already admitted to trading
on Euronext.
Following this issue, the My Rémy Cointreau employee investment
fund’s equity interest equates to 0.05% of the company, based on
the share capital at 6 August 2021.
Disclaimer:
More information about the “My Rémy Cointreau” plan is available
in the detailed brochure, which can be viewed at
www.myremycointreau2021.com.
This press release constitutes the information document required
to qualify for exemptions from the obligation to publish a
prospectus laid down in paragraphs 4 (i) and 5 (h) of Article 1 of
Regulation (EU) 2017/1129 of 14 June 2017. This information
document is provided for information purposes only and should not
be considered 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 in relation to this plan. The decision to
invest is a personal one to be made by eligible employees taking
into consideration their portfolio diversification
requirements.
About Rémy Cointreau:
There are clients all over the world seeking exceptional
experiences – clients who know that a wide range of terroirs means
a variety of flavours. Their exacting standards are in keeping with
our expertise – the finely-honed skills we pass down from
generation to generation. The time these clients devote to
savouring our products is a tribute to all those who have laboured
to develop them. It is for these men and women that family-owned
French group Rémy Cointreau protects its terroirs, cultivates
centuries-old premium spirits and is committed to keeping them
forever modern. The Group’s portfolio spans twelve exceptional
brands, including Rémy Martin and Louis XIII cognacs and Cointreau
liqueur. Rémy Cointreau has just one ambition: to become the global
leader in premium spirits. To this end, it draws on the commitment
and creativity of its 1,850 employees and on its distribution
subsidiaries based in the Group’s core markets. Rémy Cointreau is
listed on Euronext Paris.
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