Notice to the Holders of the €200,000,000 Zero Coupon Exchangeable Bonds Due 2024 Issued by ORPAR (the “Issuer”) Exchangeable Into Existing Ordinary Shares of REMY COINTREAU (the « Bonds ») (ISIN Code FR0013246147)
27 Juillet 2022 - 5:40PM
Business Wire
Adjustment of the Exchange
Ratio of the Bonds
Regulatory News:
Capitalised terms not otherwise defined in this notice shall
have the meaning given to them in the terms and conditions of the
Bonds (the “Conditions”).
Holders of the Bonds are hereby informed that the Shareholders
meeting of Rémy Cointreau (Paris:RCO) decided on July 21, 2022 to
approve the distribution of a dividend (the “Dividend”) in the
total amount of €2.85 per share for the 2021‐2022 financial year.
The Dividend will be distributed on October 3, 2022, to
shareholders of record on July 28, 2022.
Pursuant to the Conditions, and subject to (i) the distribution
of the Dividend on 3 October 2022 and (ii) any other adjustment to
the Exchange Ratio becoming effective prior to such date, notice is
hereby given to Bondholders that the Dividend will constitute a
Surplus Dividend in accordance with the Conditions, as a result of
which, in accordance with Condition 5(a)(8), the Calculation Agent
has determined that the Exchange Ratio shall be adjusted from
699.6053 to 704.2925, effective October 3, 2022.
As a result of and subject to the above, the number of Rémy
Cointreau Shares held under escrow shall be adjusted in accordance
with the Conditions to satisfy the Share Escrow Ratio.
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version on businesswire.com: https://www.businesswire.com/news/home/20220727005597/en/
Orpar : Gisèle Durand _ Caroline Bois +33144134539
Remy Cointreau (EU:RCO)
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