Orpar adjusts conversion ratio for 0% bonds due 2019 exchangeable for Remy shares

By Susanna Moon

Chicago, Sept. 4 – Orpar SA said it adjusted the conversion ratio for the zero-coupon bonds due July 15, 2019 exchangeable for common shares of Remy Cointreau.

The exchange ratio will be adjusted due to the dividend payout approved at a shareholders meeting on July 29, according to a company press release.

The exchange ratio is now 1,122.054 Remy Cointreau shares for one bond, the release noted.

Orpar us an investment management firm based in Paris. Remy Cointreau is a Cognac, France-based alcohol manufacturer.

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