Report on the purchase of treasury shares under buyback program
Milan (Italy), July 28, 2016 – During the period from July 21, 2016 to July 27, 2016, Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX) acquired 285,216 shares on the Milan Stock Exchange’s Mercato Telematico Azionario (MTA) equal to 0.059% of the issued share capital. The shares were bought at an average price per share equal to Euro 44.1332, net of commissions, and for an aggregate amount of Euro 12,587,497.46.
These purchases were made pursuant to the plan to purchase treasury shares, announced on May 24, 2016, and in accordance with the resolution approved at the Company’s General Meeting of Stockholders on April 29, 2016. Since the resolution approval, the Company acquired to date a total of 3,175,722 shares equal to 0.656% of the issued share capital.
All the share purchase transactions on the MTA made from July 21, 2016 to July 27, 2016 are detailed in the annex.
Aggregate treasury share purchase transactions on the MTA on a daily basis are as follows:
|Date||Number of ordinary shares purchased||Average price (Euro)||Aggregate amount (Euro)|
Following the purchases announced today and the treasury shares held, as of July 27, 2016 the Company owns 5,374,860 treasury shares equal to 1.111% of the share capital.
Related press releases: May 24, 2016.