Compagnie Lebon Société Anonyme will seek shareholder approval for a share repurchase program in the company's Annual General Meeting to be held on June 18, 2014. Under the program, the company will repurchase up to 117,300 shares, representing 10% of its issued capital. The maximum price at which the shares will be repurchased is 160 per share and the maximum amount allocated for the repurchase 18.35 million.
The share repurchase program is valid for 18 months.