Information on the financial conditions of the termination of Mr. Andrew Highcock’s duties as Chief Executive Officer of the Company

Marie Brizard Wines & Spirits

Marie Brizard Wines & Spirits
(the company”)

Information on the financial situation terms As it concerns end of duties of Mr.. Andrew highcock as Chairman and CEO of the Company

Marie Brizard Wines & Spirits (Euronext: MBWS) discloses, in accordance with the recommendations of the 2018 AMF report on corporate governance and executive compensation of listed companies, information relating to the financial conditions of the termination of Mr. Andrew Highcock’s duties as Chief Executive Officer executive officer, which were approved by the Board of Directors on November 4, 2022, on the recommendation of the Compensation Committee which met on the same day.

  1. Breakup package

The Company has undertaken to pay, in the event of the departure of the Chief Executive Officer, an indemnity 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 indemnity is conditional on the achievement of performance criteria which will be assessed by the Board of Directors.

The Board of Directors having noted the achievement of said performance criteria, Mr. Andrew Highcock’s severance pay will amount to 394,860 euros, before tax.

In accordance with the legal provisions in force, the payment of this severance indemnity remains subject to the approval of the next General Meeting of shareholders.

2. Non-competitionition 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 Group
Emily Drexler
[email protected]
Such. : +33 1 43 91 62 21

Hurry Contact
Picture September
Claire Doligez – Laurence Maury
[email protected][email protected]
Such. : +33 1 53 70 74 70

About Marie Brizard Wines & Spirits
Marie Brizard Wine & Spirits is a wine and spirits group based in Europe and the United States. Marie Brizard Wine & Spirits is distinguished by its know-how, an alliance of brands with a long tradition and a resolutely innovative spirit. Since the birth of Maison Marie Brizard in 1755, the Marie Brizard Wine & Spirits Group has been developing its brands in a spirit of modernity while respecting their origins. Marie Brizard Wine & Spirits is committed to providing customers with bold, trusted brands full of flavor and experience. 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.

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