Luxottica Group (LUX) Launches New 18.5M Share Buyback Plan
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Luxottica Group S.p.A. (NYSE: LUX) launch a new share buyback program approved at the Shareholders' Meeting on October 29, 2009, which, like the 2008 program, is intended to provide the Company with treasury shares to efficiently manage its share capital and to implement its Performance Shares Plan. The 2009 program provides for the buyback of a maximum of 18,500,000 ordinary shares in the Company, currently representing 3.99% of the share capital, for a maximum aggregate amount of Euro 370,000,000, for a period of 18 months.
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