SMCP - Share buyback to cover the long-term incentive plan of the Group’s employees
16 September 2022 - 1:51AM
SMCP - Share buyback to cover the long-term incentive plan of the
Group’s employees
Press release - Paris, September 16, 2022
Share buyback
to cover the long-term incentive
plan of the Group’s
employees
SMCP’s Board of Directors decided, on September
16, 2022, as part of the implementation of the share buyback
program authorized by the 21st resolution of the Shareholders’
General Meeting of June 9, 2022, to give a mandate to an investment
services provider to purchase shares of SMCP SA from September 16,
2022, until December 31, 2022, for a maximum of 830 000 shares
for a purchase price that cannot exceed the maximum price set by
the Shareholders’ General Meeting of June 9, 2022.
The repurchased shares will be used to cover the
Group’s employees’ long-term incentive plan.
ABOUT SMCP
SMCP is a global leader in the accessible luxury
market with four unique Parisian brands: Sandro, Maje, Claudie
Pierlot and Fursac. Present in 43 countries, the Group comprises a
network of over 1,600 stores globally and a strong digital presence
in all its key markets. Evelyne Chetrite and Judith Milgrom founded
Sandro and Maje in Paris, in 1984 and 1998 respectively, and
continue to provide creative direction for the brands. Claudie
Pierlot and Fursac were respectively acquired by SMCP in 2009 and
2019. SMCP is listed on the Euronext Paris regulated market
(compartment A, ISIN Code FR0013214145, ticker: SMCP).
CONTACTS
INVESTORS/PRESS
|
|
|
|
SMCP
|
BRUNSWICK |
Mathilde
Magnan |
Hugues Boëton +33 (0) 6 79 99 27 15 |
+33 (0) 1 55 80 51
00 |
Tristan Roquet Montegon +33 (0) 6 37 00 52 57 |
mathilde.magnan@smcp.com |
smcp@brunswickgroup.com |
- Press Release - SMCP - Share buyback program
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