Oakley parent reports buyback program status
The Luxottica Group (NYSE: LUX, MTA: LUX), parent of Oakley, reported it bought back more than 284,000 shares on the Milan Stock Exchange's Mercato Telematico Azionario during the month of March.
Part of a buyback program instituted in late 2009, the company paid about EUR 5.4 million (USD $7.2 million) -- an average unit price of EUR 19.01 (USD $25.65) per share.
At the same time, Luxottica Group's subsidiary, Arnette Optics Illusions, sold during the same period on the MTA an aggregate amount of 370,000 treasury shares, at an average unit price of EUR 19.18 (USD $25.88) per share, totaling EUR 7.09 million (USD $9.56 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 April 1.)
--Compiled by Wendy Geister
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