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L'Oréal declares renewal of its share buyback programme
06 Jul '06
1 min read
Board of Directors of L'Oréal, at its meeting on June 28th 2006 under the chairmanship of Sir Lindsay OWEN-JONES, placed on record the fact that the share buyback programme launched on June 29th 2005 had been carried out in full.
Under this programme, 18.808 million of shares representing 2.9 percent of the share capital, were bought back for an amount of one billion two hundred and fifty million euros.
The Board of Directors decided, in application of the resolution approved by the Annual General Meeting of April 25th 2006, to carry out over the next twelve months further buybacks of L'Oréal shares for an identical amount to that of the previous programme, that is a maximum of one billion two hundred and fifty million euros.
The shares thus bought will be cancelled.
Of course this programme may be interrupted at any time if a strategic opportunity arises.
Cosmetic group L'Oréal has made felt their presents in all the countries, L'Oréal is the most internationally acclaimed and prestigious of all cosmetics groups.
Under this programme, 18.808 million of shares representing 2.9 percent of the share capital, were bought back for an amount of one billion two hundred and fifty million euros.
The Board of Directors decided, in application of the resolution approved by the Annual General Meeting of April 25th 2006, to carry out over the next twelve months further buybacks of L'Oréal shares for an identical amount to that of the previous programme, that is a maximum of one billion two hundred and fifty million euros.
The shares thus bought will be cancelled.
Of course this programme may be interrupted at any time if a strategic opportunity arises.
Cosmetic group L'Oréal has made felt their presents in all the countries, L'Oréal is the most internationally acclaimed and prestigious of all cosmetics groups.
L'Oréal
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