Rémy Cointreau: launches share buyback program.
(CercleFinance.com) - Rémy Cointreau has announced that its board of directors, which met on 25 July, has decided to authorise the group's CEO to start a buyback program of its own shares.
A mandate has been given to an investment services provider which may buy up to a maximum of 500,000 shares at times that it deems appropriate under the pricing terms authorised by this general meeting of 25 July.
The program will expire on 29 December and Rémy Cointreau reserves the right to interrupt the execution of this redemption program. This decision shall not affect the execution of the liquidity contract concluded by the wine and spirits company.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
A mandate has been given to an investment services provider which may buy up to a maximum of 500,000 shares at times that it deems appropriate under the pricing terms authorised by this general meeting of 25 July.
The program will expire on 29 December and Rémy Cointreau reserves the right to interrupt the execution of this redemption program. This decision shall not affect the execution of the liquidity contract concluded by the wine and spirits company.
Copyright (c) 2017 CercleFinance.com. All rights reserved.