De Rigo has Repurchased 5% of its Total Share Capital
19 July 2004 - 11:30PM
PR Newswire (US)
De Rigo has Repurchased 5% of its Total Share Capital LONGARONE,
Italy, July 19 /PRNewswire-FirstCall/ -- De Rigo, one of the
world's leading eyewear companies, has repurchased 2,225,000 of its
existing shares, representing approximately 5% of its total
capital, from the Prada Group at a price of USD 6.30 per share. The
transaction was conducted in accordance with the existing share
repurchase program, for which the Company is authorized to
repurchase up to 4,400,000 of its ordinary shares, through November
2005. At the date of this announcement, the Company repurchased a
total of 2,448,000 of its outstanding shares, at an average price
of 6.08 USD per share. De Rigo is one of the world's largest
manufacturers and distributors of premium eyewear, the major
optical retailer in Spain through General Optica, one of the
leading retailers in the British optical market through Dollond
& Aitchison and a partner of the LVMH Fashion Group for the
manufacture and distribution of Givenchy, Celine, Fendi and Loewe
eyewear. De Rigo also manufactures and distributes the licensed
brands Escada, Etro, Fila, Furla, La Perla, Mini and Onyx and its
own brands Police, Sting and Lozza. DATASOURCE: De Rigo S.p.A.
CONTACT: For further information, please contact: Maurizio
Dessolis, Chief Financial Officer, Tel +39-0437-7777, Fax
+39-0437-770727, e-mail:
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