On 16 May 2012, Richemont announced a new programme to buy-back up to 10 million Richemont ‘A’ shares through the market or through the exercise of over-the-counter call options over the next two years.
The ‘A’ shares acquired will not be cancelled and no second trading line will be introduced as a consequence of the buy-back programme. The ‘A’ shares to be acquired will be held in treasury to hedge awards to executives under the Group's stock option plan.
|Share buy-back programme, 16 May 2012 (launch)||Download|
In May 2012, Compagnie Financière Richemont SA announced a share buy-back programme, effective from 16 May 2012 until 15 May 2014. The buy-back programme is linked to the hedging of exposures arising from the Group's stock option plan.
In compliance with Swiss regulations, the Company is making the following information available regarding share buy-back and sales activity since the start of the share buy-back programme:
|Net change during|
|23 May 2013||23 May 2013||200 000||0||200 000|
Other than those shares linked to the exercise of options under the Group's stock option plan, no shares were sold during the period. Net change in shares owned since 16 May 2012, the beginning of the current programme: -354 351