Remy Cointreau releases its H1 sales results on 19 October

Remy Cointreau releases its H1 sales results on 19 October

Remy Cointreau has been moved to issue around 1.2m new shares due to the success of its dividend payment policy.

The French company said late yesterday (25 September) that the issue will see its total number of shares rise to 50.8m and bring total share capital to around EUR81.3m (US$104.8m), a rise of 2.4%. Around 81% of dividend entitlements have opted for payment in shares, Remy Cointreau said, prompting the new share launch.

The 1.2m shares will be entitled to a dividend from 1 April, while a request has been made to admit them to trading on the Euronext Paris Stock Exchange.

Remy Cointreau, which completed the purchase of Scotch whisky producer Bruichladdich earlier this month, will release its H1 sales results on 19 October, with details of profits for the six-month period following on 27 November.