LVMH Moët Hennessy Louis Vuitton S.E. (LVMH) as part of its share buyback programme, has granted an irrevocable mandate to an investment services provider for the acquisition of a maximum of €300 million of LVMH shares over a period starting from 21st December, 2021 and which could last up until 15th February, 2022.
The price of the shares bought under this mandate shall not exceed €950 per LVMH share as fixed by the Annual General Meeting of 28th May, 2021. The shares so acquired are intended to be cancelled. Over this period, the price paid by LVMH will be determined on the base of the volume weighted average price.