CHARENTON-LE-PONT, France—EssilorLuxottica (USOTC:ESLOY) announced the launch of a share buyback program, reflecting the group’s confidence in its value creation and long-term prospects. EssilorLuxottica has granted a mandate to an investment services provider for the purchase of up to 2,500,000 EssilorLuxottica shares, depending on market conditions, over a period starting from today, June 17, 2022, up until Aug. 31, 2022 included. The shares that are purchased under the mandate 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.

EssilorLuxottica is launching the share buyback program in accordance with the 14th resolution approved by the Annual General Meeting on May 25, 2022, during which the company was granted the right to purchase its own shares during the 18 months that followed the Annual General Meeting, for an amount representing up to 10 percent of its share capital and for a price per share not exceeding 200 Euros.