EssilorLuxottica announces launch of share buyback program
Charenton-le-Pont, France (March 17, 2020 – 7:00am) - EssilorLuxottica announces the launch of a share buyback program reflecting the Group’s confidence in its value creation and long-term prospects.
With a view to implementing this share buyback program, EssilorLuxottica has granted a mandate to an investment services provider for the purchase of up to 3,000,000 EssilorLuxottica shares, depending on market conditions, over a period starting from 17 March 2020 up until 27 May 2020.
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 plan.
A description of EssilorLuxottica’s share buyback program, as approved by the Annual General Meeting of November 29, 2018 is available in section 5.2.3 of its 2018 Registration Document and at the following link: https://www.essilorluxottica.com/sites/default/files/documents/2019- 04/ESSI_DDR_2018_UK.pdf#page=419