EssilorLuxottica announces launch of share buyback program
23 September 2022 - 03:00PM
EssilorLuxottica announces launch of share buyback program
EssilorLuxottica announces launch of
share buyback program
Charenton-le-Pont,
France (23 September
2022-
07:00 am
CEST) – EssilorLuxottica
announces the launch of its share buyback program reflecting the
Group’s confidence in its value creation and long-term
prospects.
With a view to implementing this share buyback
program, EssilorLuxottica has granted a mandate to an investment
services provider for the purchase of up to 1,500,000
EssilorLuxottica shares, depending on market conditions, over a
period starting from today, 23 September 2022, up until 31 March
2023.
The shares so acquired are intended to be
awarded or transferred to employees and corporate directors of
EssilorLuxottica and affiliated companies, especially in the
context of profit-sharing plans, bonus and performance share
awards, stock option plans, and employee share ownership
plan. EssilorLuxottica
launches this share buyback program in accordance to the 14th
resolution approved by the Annual General Meeting of 25 May 2022,
during which the Company was granted the right to purchase its own
shares during the 18 months that followed the Annual General
Meeting, for an amount representing up to 10% of its share capital
and for a price per share not exceeding Euro 2001.
1 A description of this share buyback program is available on
EssilorLuxottica's website under Regulatory Information.
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