Rémy Cointreau

Shareholders’ Meeting of 24 July 2019

Regulatory News:

The Rémy Cointreau (Paris:RCO) Combined Shareholders Meeting was held in Paris on 24 July 2019, chaired by Marc Hériard Dubreuil.

Cash dividend:

Shareholders approved the financial statements for the 2018-2019 financial year and set the dividend at €1.65 per share. They also approved the payment of a special dividend of €1 per share. The ex-dividend date (ordinary and special) is set at 12 September 2019, and the dividend will be paid as of 16 September 2019.

Say on pay and financial terms of the termination of office of Ms. Chapoulaud‑Floquet.

The Shareholders' Meeting approved the remuneration policy of the Executive Directors for the 2019-2020 financial year (ex-ante vote) and the elements of total remuneration and benefits in kind paid or awarded for the financial year ended 31 March 2019 to each Executive Director of the Company (ex-post vote).

Following the Rémy Cointreau Board of Directors Meeting and the Shareholders Meeting held on this day, and in accordance with the Afep-Medef Corporate Governance Code for listed companies and the recommendations of the French Financial Market Authority (AMF),

Rémy Cointreau is making public the financial terms of the termination of office of Ms. Chapoulaud‑Floquet.

Fixed remuneration for the 2019-2020 financial year

The annual fixed remuneration of Ms. Chapoulaud-Floquet for the 2019-2020 financial year is unchanged at €731,400 gross (€631,400 in fixed salary plus €100,000 in impatriation bonus).

The annual fixed remuneration that will be paid to Ms. Chapoulaud-Floquet for the 2019-2020 financial year will be pro-rated as from 1 April 2019 until the effective date of the termination of her office as Chief Executive Officer.

Variable remuneration for the 2019-2020 financial year

The amount of annual variable remuneration that Ms. Chapoulaud-Floquet may receive for the 2019-2020 financial year shall correspond to a percentage of her fixed remuneration. Variable remuneration may reach 100% if the quantitative and qualitative targets (each comprising 50% of the total target) are achieved and up to 155% if the financial performance is exceptional in comparison with the targets.

For the 2019-2020 financial year, the quantitative targets are based on the following criteria:

• consolidated current operating profit;
• cash flow generation;
• consolidated net profit (excluding non-recurring items); and
• ROCE (Return on Capital Employed).

The qualitative targets corresponding to the strategic priorities for the financial year in progress, including CSR, are based on precisely defined, pre-established criteria that cannot be made public for confidentiality reasons.