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Cie de Saint-Gobain SA Announces Details of Share Repurchase program

Monday, 15 Apr 2013 05:11am EDT 

Cie de Saint-Gobain SA announced details of its share repurchase program. The Company currently holds 3,699,288 of its own shares, that is 0.7% of the share capital. Under the terms of the program, the Company may repurchase a maximum of 10% of its share capital, that is 53,112,564 shares on March 31, 2013. The program targets the Company's ordinary shares with a nominal value of EUR 4. The maximum price per share to be paid as part of the program is EUR 80. The program is to last for a period of 18 months from the date of the Annual General meeting, that is from June 6, 2013 until December 5, 2014. 

Company Quote

-0.36 -0.89%
11:35am EST