EssilorLuxottica announces launch of share buyback program
27 Julio 2023 - 1:00AM
EssilorLuxottica announces launch of share buyback program
EssilorLuxottica announces launch of
share buyback program
Charenton-le-Pont, France
(27
July
2023-
08:00 am
CEST) – EssilorLuxottica
announces the launch of its share buyback program reflecting the
Group’s confidence in its value creation and long-term
prospects.
With a view to implementing this share buyback
program, EssilorLuxottica has granted a mandate to an investment
services provider for the purchase of up to 3,500,000
EssilorLuxottica shares, depending on market conditions, over a
period starting from today, 27July 2023, up until 31st March
2024.
The shares so acquired are intended to be
awarded or transferred to employees and corporate directors of
EssilorLuxottica and affiliated companies, especially in the
context of profit-sharing plans, bonus and performance share
awards, stock option plans, and employee share ownership
plans. EssilorLuxottica
launches this share buyback program in accordance to the 13th
resolution approved by the Annual General Meeting of 17 May
20231.
Footnote1 A
description of this share buyback program is available on
EssilorLuxottica's website under Regulatory Information.
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