EssilorLuxottica declares the launch of a share buyback program
Charenton-le-Pont, France today techs (23 september today techs 2022– 07h00) – EssilorLuxottica declares the launch of a share buyback program, which displays the Group’s confidence in its potential for worth creation and in its long-term prospects.
With the intention to implement this share buyback program, EssilorLuxottica has entrusted an funding providers supplier with a mandate for the acquisition of a most variety of 1,500,000 EssilorLuxottica shares, relying on market circumstances, over a interval beginning immediately, today techs September 23, 2022 and presumably extending till March 31, 2023.
The shares thus purchased again are supposed to be allotted or bought to staff and company officers of EssilorLuxottica and affiliated firms, primarily within the context of profit-sharing, allocation of efficiency shares, free shares or inventory choices and participation in worker share possession plans
EssilorLuxottica is launching this share buyback program in accordance with the fourteenth decision accepted by the Common Assembly of Might 25, 2022, throughout which the Firm had obtained the authorization to conduct a buyback program of its personal shares throughout the 18 months following the Common Assembly, for numerous shares representing as much as 10% of its share capital and for a value per share not exceeding 200 euros. 1
1 An outline of this share buyback program is obtainable on the EssilorLuxottica web site within today techs the Regulated Data part.
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