Essilor Cancels 4 Million Shares To Prevent Shareholder Dilution
13 Luglio 2010 - 7:22AM
Dow Jones News
French ophthalmic lens maker Essilor International SA (EI.FR)
Tuesday said it cancelled 4 million shares, in line with its
commitment to avoid any dilution for existing shareholders.
MAIN FACTS:
- 2,130,000 shares were cancelled, Essilor said, to offset the
dilutive impact of the vesting of performance shares or the
exercise of stock options granted to employees.
- 1,870,000 shares were cancelled to offset the dilution
resulting from the conversion of the now mature OCEANE convertible
bonds, Essilor said.
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740;
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