Analyst Research

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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime

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Pierre Et Vacances SA proposes share repurchase program; proposes no FY 2012/2013 dividend

Sunday, 2 Feb 2014 07:00pm EST 

Pierre Et Vacances SA:Says to propose the terms of a share repurchase program to its Mixed General Shareholders' Meeting on Mar. 13.Says the total number of shares acquired under the terms of the program may not exceed 10 percent of the share capital (882,155 shares as at Dec. 31, 2013).Sets maximum price per share at 70 euros.Sets the total maximum which may be spent on the program at 61,750,850 euros.Proposes no dividend for FY 2012/2013.Says did not pay a dividend for FY 2011/2012.