EssilorLuxottica: launches share buyback program
(CercleFinance.com) - The Franco-Italian optical giant EssilorLuxottica has announced the launch of a share buyback program, which it says reflects the group's confidence in its future prospects and its potential for value creation.
To this end, it has given an investment services provider a mandate to buy repurchase up to 2,000,000 shares (current share price about 162.5 euros), depending on market conditions, over a period running from 31 August to 29 October 2021.
The shares thereby acquired are intended to be awarded or transferred to employees and corporate directors of EssilorLuxottica and affiliated companies, especially as part of profit-sharing plans, bonus and performance share awards, stock option plans, and employee share ownership plans.
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