Christian Dior: Repurchase of Own Shares
PARIS -- September 6, 2013
Christian Dior (Paris:CDI):
In accordance with the decision taken by the Board of Directors on December
20, 2012 under the authorization given by the Combined Shareholders’ Meeting
of October 26, 2012, Christian Dior today announced that it has entered into a
forward purchase agreement with an authorized financial intermediary. Under
the terms of this agreement, the financial intermediary has agreed to sell to
the Company and the Company has agreed to purchase a maximum of 550,000
shares, upon the expiration of a period starting on September 9, 2013 and
ending no later than November 27, 2013.
The purchase price to be paid by the Company for the shares shall be
determined on the basis of the arithmetic mean of the daily volume-weighted
average prices of Christian Dior’s shares during the purchase period
(excluding trading days during which a contractually defined ceiling would be
exceeded), to which a discount shall be applied. The maximum purchase price
set forth in the agreement is not greater than the limit authorized by the
Combined Shareholders’ Meeting of October26, 2012.
This announcement constitutes regulated information and is made available on
the Company’s website (www.dior-finance.com).
PHONE +33 1 44 13 22 22
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