Rémy Cointreau SA (ENXTPA:RCO) commences share repurchases on September 8, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 21, 2022. As per the mandate, the company is authorized to repurchase up to 4,701,132 shares, representing 9.19% of its issued share capital, for € 1,645.4 million. The shares will be repurchased at a price of not more than €350 per share. The purpose of the program is to ensure liquidity, cancel shares purchased as part of a capital reduction, use all or part of the shares acquired to implement any share purchase option or bonus share allocation plans for employees and/or corporate officers, hold all or part of the shares acquired with a view to their subsequent exchange or use as payment in relation to acquisitions, contributions, mergers and share splits. The plan will be for 18 months. As on March 31, 2022, the company had 51,152,502 shares in issue and 414,118 shares in its treasury.

On September 7, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.94% of its issued share capital. The program will be valid until March 24, 2023.