Outdoor financials: Oakley parent releases share buyback report

Luxottica Group, parent of Oakley, reported that it bought back more than 577,000 shares on the Milan Stock Exchange's Mercato Telematico Azionario in September.
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Oakley parent releases share buyback report

Luxottica Group (NYSE: LUX; MTA: LUX), parent of Oakley, reported that it bought back more than 577,000 shares on the Milan Stock Exchange's Mercato Telematico Azionario in September.

It paid an average unit price of EUR 19.46 (USD $26.51) per share, adding up to about EUR 11.2 million (USD $15.2 million), it said.

At the same time, its subsidiary, Arnette Optic Illusions, sold more than 770,000 treasury shares, at an average unit price of EUR 19.52 (USD $26.59) per share. It amounted to EUR 15.0 million (USD $20.4 million).

(Conversion of Euros into U.S. dollars is for information only, is not necessarily relative to earnings, and is based on the currency rate as of Oct. 1.)

--Compiled by Wendy Geister

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