By Kim Richters

Franco-Italian eyewear group EssilorLuxottica SA said Friday that it is launching a share buyback, purchasing up to 1.5 million of its own shares.

The program will run from today until March 31, 2023, the company said. It can buy back shares for up to 10% of its share capital and for a price per share not exceeding 200 euros ($196.75), it said.

The purchased shares will be for employees and corporate directors of EssilorLuxottica and affiliated companies, said the group.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

September 23, 2022 01:33 ET (05:33 GMT)

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