Saint-Gobain To Cancel 6.1 Million Shares Owned by Company
28 November 2014 - 5:09AM
Dow Jones News
By William Horobin
PARIS--French building materials group Compagnie de Saint-Gobain
SA (SGO.FR) said Thursday it will cancel 6.1 million of shares the
company owns.
The 6.1 million shares represent just over 1% of the company's
total shares and a little over EUR223.8 million, based on the
closing price on the Paris market Thursday.
The company said it is cancelling the shares to compensate for
the creation of shares as part of employee shareholding programs
this year.
Write to William Horobin at william.horobin@wsj.com
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