By Cristina Roca

EssilorLuxottica SA said Friday that it is starting a share-buyback program for a maximum amount of 1.59 billion euros ($1.68 billion).

The French optical company said the program will run Friday through Aug. 31 included.

"The shares so acquired are intended to be awarded or transferred to employees and corporate directors of EssilorLuxottica and affiliated companies, especially in the context of profit-sharing plans, bonus and performance share awards, stock option plans, and employee share ownership plans," it said.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

June 17, 2022 01:34 ET (05:34 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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