Home / Knowledge / News / Apparel/Garments / Benetton Group launches Shares Buy-Back programme
Benetton Group launches Shares Buy-Back programme
07
May '08
Benetton Group announces its intention to launch the programme for shares buy-back on the terms and conditions authorized by the shareholders' meeting resolution of 24 April 2008 and in accordance with the Board of Directors' resolution of the same date.

As already announced to the stock market, purchase of treasury shares may be made up to a maximum of 18,000,000 ordinary shares and, in any case, not exceeding 10% of the share capital.

The minimum purchase price is envisaged as being not less than 30% under, and the maximum price not more than 20% over the reference price recorded by the share in the stock exchange session preceding each individual transaction; the selling price is envisaged as being not less than 90% of the reference price recorded by the share in the stock exchange session prior to each individual transaction.

Authorization was granted to enable the Company to acquire a portfolio of treasury shares, which may also be used to serve any share incentive schemes. This authorization also gives the Company the power to act for the purposes and in the ways permitted by current legislative provisions, also taking advantage of any strategic investment opportunities, always with the objective of adding value for shareholders.

Purchases will be made in the ways provided by articles 132 of Legislative Decree 58/1998 and 144bis of CONSOB Regulation no. 11971 of 14 May 1999 and, in any case, in any other way allowed by law and regulations on the subject, including those of the E.U. The average daily volume of treasury share purchases will not exceed 25% of the average daily volume of shares traded, calculated on the basis of the average daily volume of shares traded in the 20 dealing days preceding the date of purchase.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search