The French luxury group LVMH announced on Tuesday May 17 that it has given an investment services provider a mandate to buy back its own shares.
This acquisition of shares may reach a maximum amount of one billion euros and up to ten million shares.
The provider has a buyback period starting today and running until November 15th, 2022.
“The price of shares purchased under this mandate may not exceed the limit of 1,000 euros per share as set by the LVMH General Meeting of April 21st, 2022″ finally said the group in a statement.
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Featured Photo : © LVMH
