EssilorLuxottica, the global leader in eyewear and eyecare industry, announces the launch of a share buyback program. This reflects the brand’s confidence in its value creation and long-term prospects. With a view to implement 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. This again depends 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.
The Eyewear and the Eyecare Industry in 2020 :
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