Key Developments: Luxottica Group SpA (LUX.MI)

LUX.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Luxottica Group SpA approves FY 2013 dividend
Tuesday, 29 Apr 2014 11:18am EDT 

Luxottica Group SpA:Approves the distribution of a cash dividend of 0.65 euros per ordinary share for FY 2013.Dividends on ordinary shares will be payable on May 22, with an ex dividend date of May 19, and a record date of May 21.  Full Article

Michael Kors Holdings Ltd announces Eyewear License with Luxottica Group
Tuesday, 15 Apr 2014 12:00pm EDT 

Michael Kors Holdings Ltd and Luxottica Group:Signs new and exclusive eyewear license agreement for Michael Kors Collection and MICHAEL Michael Kors eyewear.First collection produced with Luxottica will launch in January 2015.  Full Article

Luxottica Group SpA enters strategic partnership with Google Inc to design, develop and distribute a new breed of eyewear for Glass
Monday, 24 Mar 2014 05:46pm EDT 

Luxottica Group SpA:Announces strategic partnership with Google Inc to design, develop and distribute a new breed of eyewear for Glass.Says, through this relationship, Luxottica and Google, will establish a team of experts devoted to working on the design, development, tooling and engineering of Glass products.Luxottica also added that two brands of the Group, Ray-Ban and Oakley, will be a part of the collaboration with Glass, but details about these new products will be disclosed at a later stage.  Full Article

Luxottica Group SpA recommends fiscal year 2013 dividend
Thursday, 27 Feb 2014 12:04pm EST 

Luxottica Group SpA:Recommends the distribution of a cash dividend of 0.65 euros per ordinary share.Says the total dividend amount will be about 308 million euros, equal to a payout of about 50 pct of adjusted net income of the Group.  Full Article

Luxottica Group SpA concludes the placement and issuance of senior 10-year notes
Monday, 3 Feb 2014 12:20pm EST 

Luxottica Group SpA:Says it concluded the placement and issuance of 10-year senior notes targeted to institutional investors.Says the principal amount of the notes, which were assigned A-rating by Standard & Poor's, is 500 million euros.Says investors' demand for the notes was more than 4 billion euros, the final book being more than 8 times oversubscribed.Says the main characteristics of the notes being units of 100,000 euros and multiples of 1,000 euros in excess thereof, maturity date Feb. 10, 2024, fixed gross annual coupon of 2.625 pct, issue price of 99.281.Says it is expected that settlement and closing of the notes offering, which were issued in order to exploit favorable market conditions and extend the average maturity of the Group's debt, will be on Feb. 10.Says the notes will be traded on the regulated market of the Luxembourg Stock Exchange.  Full Article

Luxottica Group SpA completes acquisition of glasses.com from WellPoint Inc
Monday, 3 Feb 2014 02:16am EST 

Luxottica Group SpA:Announces that the acquisition of glasses.com from WellPoint Inc has been completed.  Full Article

Standard & Poor's raises Luxottica Group SpA long-term rating to A-
Monday, 20 Jan 2014 12:05pm EST 

Luxottica Group SpA:Says Standard & Poor's raised its long-term credit rating to A- from BBB+.Says the outlook is stable.Says Standard & Poor's disclosed that Luxottica improved its credit metrics since its long-term rating outlook was increased to positive on Mar. 27, 2013.  Full Article

Luxottica Group SpA announces agreement to acquire glasses.com from WellPoint, Inc.
Tuesday, 7 Jan 2014 05:11pm EST 

Luxottica Group SpA:Announces that it has entered into an asset purchase agreement to acquire glasses.com from WellPoint Inc. subject to customary closing conditions.Says agreement is subject to customary closing conditions and the transaction is expected to close in the first quarter.  Full Article

Luxottica Group SpA Approves Notes Offering Up to Maximum of EUR 500 Million
Thursday, 25 Jul 2013 12:12pm EDT 

Luxottica Group SpA announced that the Board of Directors of Luxottica Group has approved a notes offering within the next 12 months equivalent to a maximum of EUR 500 million as part of the Euro Medium Term Note Programme which was previously authorized and announced by Group. The offer of the notes is addressed to institutional investors in certain jurisdictions excluding North America (The United States and Canada), Japan and Australia.  Full Article

Luxottica Group SpA Authorizes Establishment of EUR 2 Billion Medium Term Note Programme; Approves FY 2012 Dividend Distribution
Monday, 29 Apr 2013 12:16pm EDT 

Luxottica Group SpA announced that the Board of Directors has authorized the establishment of a EUR 2,000,000,000 Euro Medium Term Note Programme pursuant to which Luxottica Group may from time to time offer notes to institutional investors in certain jurisdictions (excluding the United States). The notes issued under this program are expected to be listed on the Luxembourg Stock Exchange. The Annual General Meeting of Stockholders of Luxottica Group SpA also approved the distribution for fiscal year 2012 of a cash dividend of EUR 0.58 per ordinary share, reflecting a year-overyear increase of 18%. The aggregate dividend amount is approximately EUR 270 million. The cash dividend will be payable on May 23, 2013 (the coupon detachment date will be May 20, 2013 pursuant to the Borsa Italiana calendar with a record date of May 22, 2013). Regarding the American Depositary Receipts (ADRs) listed on the New York Stock Exchange, the record date will be May 22, 2013 and, according to Deutsche Bank Trust Company Americas (the depositary bank for the ADR program), the payment date for the dividend in USD is expected to be May 31, 2013 at the EUR/USD exchange rate as of May 23, 2013.  Full Article

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