As an immigrant hotel worker in Paris and later Londonyoung Guccio Gucci — was impressed with the luxurious luggage he saw urbane guests bring with them.
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In connection with the delisting, Luxottica intends to apply to the U. Securities and Exchange Commission for the deregistration of its shares registered with the SEC and the termination of all its reporting obligations under the U.
Securities Exchange Act of We will always be proud of a courageous choice that has brought to our Group great visibility and prestige at an international level.
We also remain fully committed to our U. Luxottica will remain subject to the market rules of the Borsa Italiana and all laws and regulations applicable to listed companies in Italy. The delisting of the ADSs should become effective 10 days after such filing.
However, the anticipated effective date of the delisting may be delayed if the SEC postpones the effectiveness of the application to delist or for other reasons. Accordingly, the exchange offer will only be conducted in the United States pursuant to an exemption from the registration requirements of the U.
Securities Act of Luxottica has not arranged for the listing or registration of its ADSs or ordinary shares on another U. With respect to the Stock Option Plan, the term during which stock options may be exercised has been accelerated taking into account the exchange offer.
Skilled strategic planning and management professionals establish and direct disciplined approaches to planning and execution that fits their organization by being practical, sustainable and cost effective. Milan (Italy), May 16, — The Board of Directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX) decided today to start the procedure to voluntarily delist its American Depositary Shares (ADSs), which are evidenced by American Depositary Receipts (ADRs), from the New York Stock Exchange. Luxottica intends to convert its current Level III ADR program into a Level I ADR. As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria. Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from regardbouddhiste.com
Certain amendments to the Plans are conditional on the launch by Essilor of the exchange offer. Luxottica is a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear. Inwith more than 80, employees, Luxottica posted net sales of over Euro 9 billion.
Additional information on the Group is available at www. Forward-looking statements This press release includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Statements in this press release concerning the business outlook or future economic performance, anticipated profitability, revenues, expenses, dividends or other financial items, and product or services line growth of Luxottica and the combined businesses of Essilor and Luxotticatogether with other statements that are not historical facts, are forward-looking statements that are estimates reflecting the best judgment of Luxottica based upon currently available information.
These risks and uncertainties include, but are not limited to, the risk factors discussed or identified in public filings that have been, or will be, made by Essilor or Luxottica from time to time.
Luxottica cautions investors that any forward-looking statements made by Luxottica are not guarantees of future performance. Luxottica disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments.
Important information This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States unless they have been registered under the U. The securities that may be offered in any transaction have not been and will not be registered under the Securities Act and it is not intended that any public offering of any such securities will be made in the United States.
The securities which are referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons.
Any person who is not a relevant person should not act or rely on this document or any of its contents.The Arlon Private Investing Latin America Team Our Latin America private investment team combines their deep understanding of local Latin American markets with global expertise in food and agriculture investing to identify high-growth investment opportunities in Latin America.
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