Pernod Ricard: Continuation of share buy-back program

Sample article from our Food & Beverage

May 9, 2023 (press release) –

Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales amounting to €10,701 million in fiscal year FY22. The Group’s mission is to unlock the magic of human connections by bringing “Good Times from a Good Place”

Original Press Release:

May 4 -- Pernod Ricard issued the following news release:

As part of its share buyback program announced on 1 September 2022 (€750m for FY23, confirmed during the Q3 sales publication), Pernod Ricard has signed an agreement with an investment services provider, whereby Pernod Ricard will undertake to acquire its own shares for a maximum amount of c. €300m over a period starting on May 4th, 2023 and possibly extending until June 16th, 2023 .

The price of the shares purchased under this mandate shall not exceed the limit of €320 per share as set by the Pernod Ricard Shareholders’ Meeting held on November 10th, 2022 .

ABOUT PERNOD RICARD

Pernod Ricard is the No.2 worldwide producer of wines and spirits with consolidated sales amounting to €10,701 million in fiscal year FY22. The Group, which owns 17 of the Top 100 Spirits Brands, holds one of the most prestigious and comprehensive portfolios in the industry with over 240 premium brands distributed across more than 160 markets. Pernod Ricard’s portfolio includes Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal , Royal Salute , and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur or Mumm and Perrier-Jouët champagnes. The Group’s mission is to unlock the magic of human connections by bringing “Good Times from a Good Place”, in line with its Sustainability and Responsibility roadmap. Pernod Ricard’s decentralised organisation empowers its 19,480 employees to be on-the-ground ambassadors of its purposeful and inclusive culture of conviviality, bringing people together in meaningful, sustainable and responsible ways to create value over the long term. Executing its strategic plan, Transform & Accelerate, Pernod Ricard now relies on its “Conviviality Platform”, a new growth model based on data and artificial intelligence to meet the ever-changing demand of consumers. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code:FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.

Source: Pernod Ricard

[Category: Brewers, ESG, Financial Results, Partnerships and Alliances]

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