SMCP - Implementation of a share buyback program
05 November 2021 - 8:24AM
SMCP - Implementation of a share buyback program
Press release - Paris, November 5th, 2021
Implementation of a share buyback
program
At its meeting on September 2, 2021, the board
of Directors of SMCP decided, in accordance with the 31st
resolution approved by the Shareholders’ Meeting on June 17, 2021,
to authorize the Group to implement a share buyback program.
In accordance with this authorization, a mandate
was granted to an investment services provider to purchase from
November 5th, 2021 and for a period ending on December 31, 2021
shares of SMCP SA for a maximum amount of 2.7 million euros for a
purchase price that cannot exceed the maximum price set by the 31st
resolution.
The purpose of the share buyback program is to
cover its long-term incentive programs (LTIP), as was the case for
the latest share buyback programs carried out in the first half of
2021.
ABOUT SMCP
SMCP is a global leader in the accessible luxury
market with four unique Parisian brands: Sandro, Maje, Claudie
Pierlot and Fursac. Present in 43 countries, the Group comprises a
network of over 1,600 stores globally and a strong digital presence
in all its key markets. Evelyne Chetrite and Judith Milgrom founded
Sandro and Maje in Paris, in 1984 and 1998 respectively, and
continue to provide creative direction for the brands. Claudie
Pierlot and Fursac were respectively acquired by SMCP in 2009 and
2019. SMCP is listed on the Euronext Paris regulated market
(compartment A, ISIN Code FR0013214145, ticker: SMCP).
CONTACTS
|
|
INVESTORS/PRESS
|
|
|
|
SMCP
|
BRUNSWICK |
Mathilde
Magnan |
Hugues Boëton |
|
Tristan Roquet Montegon |
+33 (0) 1 55 80 51 00
|
+33 (0) 1 53 96 83 83 |
mathilde.magnan@smcp.com |
smcp@brunswickgroup.com |
- Press Release - SMCP - Implementation of a share buyback
program
SMCP (EU:SMCP)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
SMCP (EU:SMCP)
Historical Stock Chart
Von Apr 2023 bis Apr 2024