Kering : Press release - Stock repurchase program launch of second tranche
June 14, 2019 at 12:35 pm
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PRESS RELEASE
06.14.2019
STOCK REPURCHASE PROGRAM
LAUNCH OF SECOND TRANCHE
Pursuant to the stock repurchase program announced on October 29, 2018, covering up to 1.0% of its share capital over a 12-month period, Kering has signed a new share buyback agreement with an investment service provider.
Between October 29, 2018 and February 28, 2019, a first tranche of the program led to the repurchase of 603,406 shares. The new agreement is related to the second tranche of the program. This new tranche will cover a maximum volume of 658,000 shares, i.e. approximately 0.5% of Kering's outstanding share capital. As a reminder, the maximum purchase price set by the Annual General Meeting of April 24, 2019 in its 10th resolution was €580 (five hundred and eighty euros) per share.
The purchase period provided in the agreement will start on June 17, 2019, and has a maximum duration of 3 (three) months.
The shares acquired under this program will be cancelled.
About Kering
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. We capture these beliefs in our signature: "Empowering Imagination". In 2018, Kering had nearly 35,000 employees and revenue of €13.7 billion.
Contacts
Press
Emilie Gargatte
+33 (0)1 45 64 61 20
emilie.gargatte@kering.com
Marie de Montreynaud
+33 (0)1 45 64 62 53
marie.demontreynaud@kering.com
Analysts/investors
Claire Roblet
+33 (0)1 45 64 61 49
claire.roblet@kering.com
Laura Levy
+33 (0)1 45 64 60 45
laura.levy@kering.com
www.kering.com
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup
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Kering SA published this content on 14 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2019 16:33:03 UTC
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ginori 1735, as well as Kering Eyewear and Kering Beauté.
By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow's Luxury in a sustainable and responsible way. It captures these beliefs in its signature: Empowering Imagination.
In 2023, Kering had 48,964 employees and restated revenue of EUR 19.6 billion.
At the end of 2023, the Group had a network of 1,771 stores under its own management, located primarily in Western Europe (367), North America (316), Japan (238), and in emerging countries (698).
Net sales are distributed geographically as follows: Western Europe (27.6%), Japan (7.2%), Asia/Pacific (35%), North America (23%) and other (7.2%).