Luxottica celebrates 50 years of excellence
The employees of the Group Operations in Italy will be granted free treasury shares
As part of the celebrations marking the 50th anniversary of its foundation, the Board of Directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX) met today and resolved to grant free treasury shares to the employees of the Group Operations in Italy. The value of the operation, whose goal is mainly to recognize the contribution of Luxottica Operations people during these 50 years of excellence and which is expected to close by October 2011, is approximately €7 million. An aggregate maximum amount of 350,000 Luxottica Group treasury shares will be disposed.
“Through this operation we are thanking people from our plants for the efforts and the passion shown during these 50 years: in fact, it is people that, everyday, determine the long-term success of our companies”, said Leonardo Del Vecchio, Founder and Chairman of Luxottica.