Aeffe: shareholders ok reacquisition of own shares

礼泉眼镜

The Shareholders’ Meeting of Aeffe, the group with the Alberta Ferretti, Moschino and Pollini brands, approved the acquisition and disposal plan of own shares deliberated by the Board of Directors January. Specifically, the Board authorized the single or multiple rotational acquisition of ordinary shares over a maximum period of 18 months and up to a maximum of 10% of the share capital and to have the shares at their disposal for an unlimited time.
The operation will allow for investments that are consistent with Aeffe’s strategic lines and the implementation of “any acquisition operations involving the exchange of own shares or other extraordinary financial operations which imply the allocation or disposal of company shares”. The group can also carry out share price stabilization activities, intervene on share trends to facilitate exchanges at times of reduced liquidity, and foster a regular trend in trading.