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Kering will pay an interim dividend of 2.50 euros in connection with 2020

Kering will pay an interim dividend of 2.50 euros in connection with 2020

Kering

In a press release published on Thursday, 10 December, the French luxury group Kering announced that its Board of Directors had approved the payment of an interim dividend of 2.50 euros at the end of the year 2020.

 

The Kering luxury group with multiple houses (Gucci, Yves Saint Laurent) had its request for an interim dividend of 2.50 € approved by its Board of Directors. This interim dividend will be paid on January 21, 2021, based on the positions closed on the evening of January 20.

 

The balance of the dividend for 2020 will be decided by the Board of Directors on February 16, 2021, and will be submitted for approval at the next General Meeting to be held on April 22, 2021, the Kering Group also detailed in its press release.

 

In addition, as part of the implementation of its share acquisition program, authorized by the General Meeting of 16 June last, Kering has entrusted an instruction to an investment services provider with the objective of acquiring, at the end of 31 March 2021 and depending on market conditions, approximately 0.04% of the share capital as at 15 November 2020, with a view to allocating them to cover free share allocation plans and other long-term plans remunerated in Kering shares, for the benefit of employees.

 

The unit purchase price of the shares may not exceed the maximum price set by the Shareholders Meeting of June 16, 2020. Kering will thus buy back a maximum of 50,000 shares to allocate them to cover the free allocation of shares and other long-term plans remunerated in Kering shares for the benefit of its employees.

See Also

Rapport sur l’industrie mondiale de l'hôtellerie de luxe

 

 

Read also > LUXURY RETAIL: NEIMAN MARCUS GROUP EXPANDS BOARD OF DIRECTORS WITH APPOINTMENT OF PAUL BROWN

 

Featured Photo : © Gucci

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