News

FRANCE: Share dividend option leads Remy Cointreau to issue new shares

Most popular

How to reach Gen Z in the coronavirus era - focus

Interview - Loch Lomond GTR head Andre de Almeida

Mindful consumption and carbon counting on labels

How drinks brands can take advantage of TikTok

Coca-Cola alcohol launch a statement of intent

MORE

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

//i4.aroq.com/1/remy.jpg

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.


Related Content

How did Remy Cointreau perform in H1 2020? - results data

How did Remy Cointreau perform in H1 2020? - results data...

Remy Cointreau upbeat on H2 as first-quarter sales beat expectations - results data & comment

Remy Cointreau upbeat on H2 as first-quarter sales beat expectations - results data & comment...

Will 2020 be a game of two halves for Remy Cointreau? - analysis

Will 2020 be a game of two halves for Remy Cointreau? - analysis...

Remy Cointreau battles third-quarter headaches as year-to-date sales slide - results data - comment

Remy Cointreau battles third-quarter headaches as year-to-date sales slide - results data - comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?