LVMH announces €300m share buyback program
For its share buyback program, LVMH Moët Hennessy Louis Vuitton S.E. has granted a mandate to an investment services provider for the acquisition of LVMH shares.
Pursuant to this mandate, LVMH has committed to buy each day a variable number of shares at market price, for an aggregate amount of 300 million euros, over a period from 17 November 2016 up until 30 December 2016. The price of the shares bought under this mandate shall not exceed 300 euros per share as fixed by the Annual General Meeting of 14 April 2016.
The shares so acquired are intended to be cancelled.