Rémy Cointreau: Result of the Option to Receive the 2023-24 Ordinary Dividend Payment in Shares
REMY COINTREAU UNSP/ADR (REMYY)
NASDAQ:AMEX Investor Relations:
remy-cointreau.com/en/finance/publications
Company Research
Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:The Shareholders’ Meeting of Rémy Cointreau (Paris:RCO), held on July 18, 2024 in Cognac, has approved the payment of an ordinary dividend of €2.00 per share, related to the 2023-24 fiscal year, for which it decided to give each shareholder the option of receiving payment in cash or in shares.The option period was open from July 26 to September 16, 2024 included. At the end of the option period 59.8% of rights were exercised in favor of the dividend payment in shares.For the purposes of the dividend payment in shares, 907 322 new shares will be issued. As a reminder, the issuance price of the new shares to be issued in payment of the dividend is set at €67.16. It represents 90% of the average of the Company’s share prices on Euronext Paris of the 20 trading days preceding the date of the Shareholders’ Meeting less the amount of the dividend, rounded up to the nearest euro cent.The settlement and delivery of the shares as well as their admiss
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