Kering: launches stock repurchase program

(CercleFinance.com) - Kering has announced its intention to buy back up to 1% of its share capital over the next 12 months as part of a stock repurchase program, for which it has implemented a share purchase agreement with an Investment Services Provider (ISP).


This contract relates to a first tranche corresponding to a maximum volume of 631,000 shares, i.e. approximately 0.5% of the company's share capital, up to 300 million euros at a price not exceeding 480 euros.

“The purchase period provided in the agreement commences on October 29, 2018, and has a maximum duration of 4 (four) months. The shares acquired under this program will be cancelled,” said the luxury group that owns the Gucci, Yves Saint Laurent and Bottega Veneta brands.



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