Luxottica: Monthly Update on Share Buyback Program

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Dec 02, 2010, 11:37 ET

MILAN, Dec. 2, 2010 /PRNewswire-FirstCall/ -- In connection with the share buyback program approved at the Shareholders' Meeting on October 29, 2009, and launched on November 16, 2009, Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX) announced today that during the month of November it purchased under that buyback program an aggregate amount of 430,000 shares on the Milan Stock Exchange's Mercato Telematico Azionario (MTA) at an average unit price of Euro 20.69 per share, for an aggregate amount of Euro 8,898,807.

In parallel, Luxottica Group's subsidiary, Arnette Optic Illusions, Inc., sold during the same period on the MTA an aggregate amount of 402,000 treasury shares, at an average unit price of Euro 20.83 per share, for an aggregate amount of Euro 8,371,697.

Since the launch of the program, Luxottica Group purchased an aggregate total amount of 4,565,880 of its shares, at an average unit price of Euro 18.98 per share, for an aggregate amount of Euro 86,680,757. In parallel, Luxottica Group's subsidiary Arnette Optic Illusions, Inc. sold an aggregate total amount of 4,646,780 treasury shares, at an average unit price of Euro 18.88 per share, for an aggregate amount of Euro 87,749,739.

www.luxottica.com

SOURCE Luxottica Group S.p.A.