Pernod Ricard
has signed an agreement with an investment services provider to buy its own shares for a maximum amount of c. €150m. The price of the shares purchased under this mandate shall not exceed the limit of €320 per share.
Key Highlights:
* The share buyback program was announced on
August 31st, 2023
.
* The program is worth €500m to €800m for FY24.
* The company will acquire its own shares for a maximum amount of c. €150m.
Original Press Release:
Sept. 13
--
Pernod Ricard
issued the following news release:
As part of its share buyback program announced on
31st August 2023
(€500m to €800m communicated for FY24),
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. €150m over a period starting on
September 7th, 2023
and possibly extending until
October 6th, 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.
[Category: Investment Banking & Brokerage, Financial/ Capital Market, New Offerings, Funding Activities, Financial Results]
Source:
Pernod Ricard
