MBWS - Information on the financial terms regarding the termination of the functions of Mr. Andrew Highcock as Chief Executive Officer of the Company
November 04 2022 - 1:30PM
MBWS - Information on the financial terms regarding the termination
of the functions of Mr. Andrew Highcock as Chief Executive Officer
of the Company
Marie Brizard Wine &
Spirits(the « Company »)
Information on the financial
terms regarding the
termination of the functions of
Mr. Andrew
Highcock as Chief
Executive Officer of the Company
Marie Brizard Wine &
Spirits (Euronext: MBWS) discloses, in accordance with the
recommendations of the 2018 AMF report on corporate governance and
the remuneration of executives of listed companies, the information
relating to the financial terms regarding the termination of the
functions of Mr. Andrew Highcock as Chief Executive Officer, which
were approved by the Board of Directors on November 4, 2022, on the
recommendation of the Remuneration Committee which met the same
day.
- Severance
package
The Company has committed to pay, in the event
of the departure of the Chief Executive Officer, a compensation
equal to the average gross remuneration, the variable remuneration
and the relocation bonus that the latter received during the last 6
months preceding the date of departure. The benefit of this
severance compensation is subject to the achievement of performance
criteria to be assessed by the Board of Directors.
The Board of Directors having noted the
achievement of the said performance criteria, Mr. Andrew Highcock's
severance package will amount to €394,860, before taxes.
In accordance with the legal regulations in
effect, the payment of this severance package remains subject to
the approval of the next General Meeting of Shareholders.
2. Non-competition obligation
The Board of Directors of November 4, 2022,
decided to release Mr. Andrew Highcock from his non-competition
obligation.
Investor
and shareholder relations contact MBWS
GroupEmilie Drexleremilie.drexler@mbws.comTel.: +33 1 43
91 62 21 |
Press contactImage
Sept Claire Doligez - Laurence Maurycdoligez@image7.fr –
lmaury@image7.frTel.: +33 1 53 70 74 70 |
About Marie Brizard Wine & Spirits Marie
Brizard Wine & Spirits is a wine and spirits group 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. Since the birth of
the Maison Marie Brizard in 1755, the Marie Brizard Wine &
Spirits Group has developed its brands in a spirit of modernity
while respecting their origins. Marie Brizard Wine & Spirits is
committed to offering its customers bold and trusted brands full of
flavour and experiences. The Group now has a rich portfolio of
leading brands in their market segments, including William Peel,
Sobieski, Marie Brizard and Cognac Gautier. Marie Brizard Wine
& Spirits is listed on Compartment B of Euronext Paris
(FR0000060873 - MBWS) and is part of the EnterNext© PEA-PME 150
index.
- EN_Information on the financial terms regarding the termination
of the functions of Mr. Andrew Highcock as Chief Executive Officer
of the Company_20220411
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