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EssilorLuxottica announces launch of share buyback program
Charenton-le-Pont, France (23 September 2022– 07:00 am CEST) – EssilorLuxottica announces the launch of its share buyback program reflecting the Group’s confidence in its worth creation and long-term prospects.
With a view to implementing this share buyback program, EssilorLuxottica has granted a mandate to an funding companies supplier for the acquisition of as much as 1,500,000 EssilorLuxottica shares, relying on market circumstances, over a interval ranging from right this moment, 23 September 2022, up till 31 March 2023.
The shares so acquired are supposed to be awarded or transferred to staff and company administrators of EssilorLuxottica and affiliated corporations, particularly within the context of profit-sharing plans, bonus and efficiency share awards, inventory possibility plans, and worker share possession plan.
EssilorLuxottica launches this share buyback program in accordance to the 14th decision accredited by the Annual General Meeting of 25 May 2022, throughout which the Company was granted the proper to buy its personal shares in the course of the 18 months that adopted the Annual General Meeting, for an quantity representing as much as 10% of its share capital and for a value per share not exceeding Euro 2001.
1 An outline of this share buyback program is obtainable on EssilorLuxottica’s web site below Regulatory Information.
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