Kering
Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting - Seite 2
4. Maximum proportion of share capital, maximum number, characteristics and maximum purchase price of shares and maximum monetary amount allocated to the program
As of April 25, 2024, Kering's share capital amounted to €493,683,112, divided into 123,420,778 shares.
The General Shareholders’ Meeting of April 25, 2024 set the maximum proportion of share capital that Kering may hold at any time at 10% of the number of shares making up the share capital,
i.e., to date, a maximum of 12,342,077 shares. Given the number of Kering treasury shares held as of
April 25, 2024, Kering could acquire 9.32% of its own shares.
The maximum purchase price set by the General Shareholders’ Meeting is €700 per share, excluding acquisition costs, bringing the total maximum amount allocated to the share repurchase program to €8,639,453,900.
5. Term of the authorization to repurchase its own shares
The term of the authorization to repurchase its own shares is set at 18 months as from the General Shareholders’ Meeting of April 25, 2024, i.e., until October 25, 2025.
6. Overview of the use of the previous authorizations to repurchase its own shares
Lesen Sie auch
Under the previous authorizations to repurchase its own shares approved by the Ordinary General Meeting of July 6, 2021 (single resolution) and the General Shareholders’ Meeting of April 28, 2022 (fifteenth resolution), the Company repurchased 2.6 million shares between August 25, 2021 and December 15, 2022. These buybacks have been made under the share buyback program announced on August 25, 2021, and completed on December 15, 2022 with the aim of repurchasing up to 2.0% of the Group's share capital over a 24-month period.