Marie Brizard Wine & Spirits: Informations capital increase
January 12 2021 - 12:37PM
Marie Brizard Wine & Spirits: Informations capital increase
Charenton-le-Pont, January 12, 2021
Update on the formalization of the
agreement in principle on the amendment of the Scotch Whisky supply
contract
Update on the proposed Capital
Increase
Marie Brizard Wine &
Spirits (Euronext: MBWS) announces today that after
lengthy discussions, an agreement has finally been formalized
between the Company and its main bulk supplier of Scotch Whisky and
that the parties have signed the amended contract today, after
prior authorization by the Board of Directors.
The main effect of this new contract is to reset
the Group's minimum annual volume purchase commitments compared
with those provided for in 2021 and subsequent years under the
terms of the previous contract. To date, these purchase commitments
represent virtually all of the Group's Scotch Whisky supply
requirements for its William Peel and Sir Pitterson brands.
In addition to the minimum contractual purchase
commitments it provides for, this new contract also includes a
“rediscussion” clause between the parties in the event that certain
important, external and unforeseeable events affect the Group's
ability to meet these volume commitments.
As a result of this formalization, the launch of
the proposed capital increase with shareholders' preferential
subscription rights, which was the subject of a press release on 22
December 2020, for a maximum aggregate amount (including issue
premium) of approximately €105.3 million, via the issue of a
maximum amount of approximately 70.2 million new ordinary shares to
be subscribed for in cash and/or by offsetting receivables, for a
unit subscription price of 1.50 euros (the "Capital
Increase"), subject in particular to the formalization of
the aforementioned agreement, is expected to take place in the
coming days.
The launch of the Capital Increase remains,
however, subject to the delivery by the Autorité des marchés
financiers of its approval of the prospectus relating to the
operation.
Moreover, in accordance with the terms of the
refinancing agreement entered into on 20 December 2019 between the
Company and COFEPP, as revised by amendments, payment by COFEPP of
the current account advance of approximately €7 million should take
place in the coming days, and at the latest before the opening of
the subscription period for the Capital Increase. In accordance
with the aforementioned agreement, this amount will either be
capitalized within the scope of guarantee of the Capital Increase
(up to 75%) granted by COFEPP, or reimbursed by MBWS thanks to the
proceeds of the cash subscriptions of the other shareholders.
Warning
This press release, and the information
contained, does not constitute an offer to sell or subscribe, nor a
solicitation of an order to buy or subscribe, securities of MBWS in
Australia, Canada, Japan or the United States of America or in any
other country in which such an offer or solicitation would be
prohibited.
The diffusion, publication or distribution of
this press release in certain countries may constitute a violation
of applicable laws and regulations. Consequently, persons
physically present in these countries and in which this press
release is diffused, distributed or published must inform
themselves of and comply with any such local restrictions. This
press release must not be diffused, published or distributed,
directly or indirectly, in Australia, Canada, Japan or the United
States of America.
This press release is not a promotional
communication and does not constitute a prospectus within the
meaning of Regulation 2017/1129 of the European Parliament and of
the Council of 14 June 2017 on the prospectus to be published when
securities are offered to the public or admitted to trading on a
regulated market and repealing the Prospectus Directive 2003/71/EC
(the "Prospectus Regulation”).
No offer of MBWS securities is made, or will be
made to the public in France, prior to the AMF's approval of a
prospectus, which will be available on the MBWS website
(http://fr.mbws.com/) and on the AMF website
(www.amf-france.org).
With regard to the Member States of the European
Economic Area other than France, no action has been or will be
taken to permit a public offer of securities requiring the
publication of a prospectus in any of the Member States concerned.
Accordingly, any offer of securities of MBWS may only be made in
any of the Member States (i) to qualified investors within the
meaning of the Prospectus Regulation; or (ii) in any other
circumstances exempting MBWS from publishing a prospectus in
accordance with Article 1(4) of the Prospectus Regulation.
About Marie Brizard Wine & Spirits
Marie Brizard Wine & Spirits is a Group of
wines and spirits based in Europe and the United States. Marie
Brizard Wine & Spirits stands out for its expertise, a
combination of brands with a long tradition and a resolutely
innovative spirit. From the birth of the Maison Marie Brizard in
1755 to the launch of Fruits and Wine in 2010, the Marie Brizard
Wine & Spirits Group has developed its brands in a spirit of
modernity while respecting its origins.Marie Brizard Wine &
Spirits' commitment is to offer its customers brands of confidence,
daring and full of flavours and experiences. The Group now has a
rich portfolio of leading brands in their market segments,
including William Peel, Sobieski, Fruits and Wine, Marie Brizard
and Cognac Gauthier.Marie Brizard Wine & Spirits is listed on
Compartment B of Euronext Paris (FR0000060873 - MBWS) and is part
of the EnterNext PEA-PME150 index.
ContactImage Sept Claire
Doligez- Flore Largercdoligez@image7.fr / flarger@image7.frTél :
+33 1 53 70 74 70
- MBWS_PR_2021JAN12_INFORMATIONS_CAPITAL_INCREASE_EN
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