LVMH: Description of the main characteristics of the share repurchase program approved by the Ordinary General Meeting of Ma...
28 Maggio 2021 - 10:37AM
LVMH: Description of the main characteristics of the share
repurchase program approved by the Ordinary General Meeting of May
28, 2021
Paris, May 28, 2021
Pursuant to Article 241-2 of the AMF General
Regulations (Règlement Général de l’Autorité des marchés
financiers), the purpose of this description is to present the
objectives and terms of the Company’s share repurchase program
approved by the Ordinary General Meeting of May 28, 2021.
- Securities
concerned: shares issued by LVMH Moët Hennessy Louis Vuitton
SE.
- Maximum
proportion of capital that may be purchased by the Company:
10%.
- Maximum number
of its own shares that may be acquired by the Company, based on the
number of shares making up the share capital as of December 31,
2020: 50,475,734; however, taking into account the 861,456 shares
held in treasury, only 49,614,278 treasury shares are available to
be acquired.
- Maximum price
per share: 950 euros.
- Objectives:
Shares may be acquired to meet any objective
compatible with provisions in force at the time, and in particular
to:
- provide market
liquidity or share liquidity services (purchases/sales) under a
liquidity contract set up by the Company in compliance with the
AMF-approved AMAFI ethics charter;
- cover stock
option plans, awards of bonus shares or of any other shares, or
share-based payment plans for employees or company officers of the
Company or of any related undertaking under the conditions provided
by the French Commercial Code, in particular its Articles L.
225-180 and L. 225-197-2;
- cover debt
securities that may be exchanged for Company shares, and more
generally securities giving access to the Company’s shares, notably
by way of conversion, tendering of a coupon, reimbursement or
exchange;
- be retired in
accordance with the nineteenth resolution of the Shareholders’
Meeting of April 15, 2021;
- be held and
later presented for consideration as an exchange or payment in
connection with external growth operations, up to a maximum of 5%
of the share capital;
- more generally,
carry out any transactions that are either currently authorized or
become authorized in the future under regulations in force at that
time, involving market practices that are either already accepted
or become accepted by the French Financial Market Authority
(Autorité des marchés financiers).
- Program
duration: 18 months as of the Ordinary General Meeting of May 28,
2021.
LVMH
LVMH Moët Hennessy Louis Vuitton is represented
in Wines and Spirits by a portfolio of brands that includes Moët
& Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug,
Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays,
Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie,
Ardbeg, Belvedere, Woodinville, Volcán de Mi Tierra, Chandon,
Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle,
Newton, Bodega Numanthia, Ao Yun, Château d'Esclans and Château du
Galoupet. Its Fashion and Leather Goods division includes Louis
Vuitton, Christian Dior Couture, Celine, Loewe, Kenzo, Givenchy,
Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA,
Patou. LVMH is present in the Perfumes and Cosmetics sector with
Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums,
Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di
Parma, Fresh, Fenty Beauty by Rihanna and Maison Francis Kurkdjian.
LVMH's Watches and Jewelry division comprises Bvlgari, Tiffany
& Co, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred and
Hublot. LVMH is also active in selective retailing as well as in
other activities through DFS, Sephora, Le Bon Marché, La
Samaritaine, Groupe Les Echos, Cova, Le Jardin d’Acclimatation,
Royal Van Lent, Belmond and Cheval Blanc hotels.
LVMH CONTACTS
Analysts and investors Chris Hollis LVMH+ 33 1 44
13 21 22 |
Media Jean-Charles Tréhan LVMH + 33 1 44 13 26
20 |
MEDIA CONTACTS |
|
France Aymeric Granet Brune Diricq / Charlotte
Mariné Publicis Consultants + 33 1 44 82 47 20 |
France Michel Calzaroni / Olivier Labesse / Hugues
Schmitt / Thomas Roborel de Climens DGM Conseil + 33 1 40 70 11
89 |
Italy Michele Calcaterra, Matteo Steinbach SEC and
Partners + 39 02 6249991 |
UK Hugh Morrison, Charlotte McMullen Montfort
Communications+ 44 7921 881 800 |
USNik Deogun / Blake SonnensheinBrunswick Group+ 1
212 333 3810 |
China Daniel JeffreysDeluxewords
+44 772 212 6562 +86 21 80 36 04 48 |
- Descriptif programme rachat actions VA
Grafico Azioni Lvmh Moet Hennessy Louis... (EU:MC)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Lvmh Moet Hennessy Louis... (EU:MC)
Storico
Da Apr 2023 a Apr 2024