Repeat & Correct: EssilorLuxottica Starts Buyback of Up to 2.5 Million Shares
17 Giugno 2022 - 8:53AM
Dow Jones News
EssilorLuxottica will buy back up to 2.5 million shares.
"EssilorLuxottica Starts Buyback of Up to $1.68 Bln," at 0519 GMT,
incorrectly said the company would buy back shares for a value of
up to EUR1.59 billion. EUR1.59 billion is the maximum buyback
amount authorized by shareholders at the company's annual general
meeting in May. EssilorLuxottica didn't specify a maximum value for
the buyback program announced Friday. The correct version
follows:
By Cristina Roca
EssilorLuxottica SA said Friday that it will buy back up to 2.5
million of its shares.
The French optical company said the program will run from Friday
to Aug. 31 included.
"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," it
said.
EssilorLuxottica shares closed at EUR134.15 on Thursday.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
June 17, 2022 02:38 ET (06:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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