Rémy Cointreau Expands Employee Share Ownership Plan to Employees Outside France with My Rémy Cointreau 2022
22 August 2022 - 08:42AM
Business Wire
Regulatory News:
Following the successful 2021 launch of its employee share
ownership plan in France, Rémy Cointreau (Paris:RCO) announces its
first capital increase for international staff.
In accordance with a resolution of the Group’s Board of
Directors on 31 March 2022, the total number of shares on offer is
capped at 40,000, or 0.07% of shareholders’ equity at that
date.
Under the timeline for the transaction, and subject to the
decision of the Chief Executive Officer, eligible employees can
subscribe shares between 12 September and 30 September. The capital
increase will be recorded on 27 October 2022.
Under the terms of the offer, employees can purchase shares at
20% below a reference price to be set by the CEO on 9 September
2022. Employee contributions will be matched by an employer
contribution of up to €400 (gross).
Share purchases will be cleared and delivered no later than 27
October 2022.
Rémy Cointreau Chief Executive Officer Eric Vallat said:
“The successful 2021 launch of our first employee share ownership
plan in France gave the majority of our people an opportunity to
express their commitment to Rémy Cointreau and their confidence in
our growth potential. Now we’re expanding the program to our
international staff. We plan to pursue our strategy for 2030 as we
work to establish ourselves as the world leader in exceptional
spirits. This new stock option plan will make all of our employees
partners in achieving these long-term goals.”
Disclaimer
This press release constitutes the information document required
to benefit from the exemptions from the obligation to publish a
prospectus provided for in Article 1 4°i) and 5°h) of Regulation
(EU) 2017/1129 of 14 June 2017. This information document is for
information purposes only and should not be considered as a form of
canvassing or solicitation for employees and former employees to
participate in the ‘My Remy Cointreau’ plan. No advice or
investment recommendation is given by Rémy Cointreau or any
employer regarding this plan. The decision to invest is a personal
one, to be taken by the eligible employee considering the
diversification of his or her portfolio.
For more information, see the detailed “My Rémy Cointreau 2022”
brochure at www.myremycointreau2022.com.
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 more than 1,900 employees and
on its distribution subsidiaries established in the Group’s
strategic markets. Rémy Cointreau is listed on Euronext Paris.
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Investor Relations: Célia d’Everlange / +33 6 03 65 46 78
Media relations: Carina Alfonso Martin /
press@remy-cointreau.com
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