PARIS--(BUSINESS WIRE)--Regulatory News:
Rémy Cointreau (Paris:RCO) reminds bondholders of the timetable and procedures for the exercise relating to the early redemption option of the OCEANE due on September 7, 2026, bearing interest at 0.125%, for a total nominal amount of €275.0 million (ISIN: FR0013200995) convertible into new shares and/or exchangeable for existing Rémy Cointreau shares (the ‘OCEANE 2026’).
Bondholders wishing to obtain early redemption of all or part of their Bonds must submit a request to the institution with which their Bonds are registered between July 26, 2023 and August 31, 2023 (included).
The early redemption price (the “Premium Redemption Price”) is €110.70, plus accrued interest of €0.138375 (“redemption amount”). Redemption will take place on September 7, 2023 (“Put Redemption Date”) exclusively in cash.
Once validly presented by a bondholder to the relevant financial intermediary, the early redemption request will be irrevocable, and Rémy Cointreau will be bound to redeem all the OCEANE 2026 included in each request so forwarded to the Fiscal Agent.
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 2,021 employees and on its distribution subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.
Regulated information in connection with this press release can be found at www.remy-cointreau.com