ANNUAL REPORT 2004 - Luxottica Group
ANNUAL REPORT 2004 - Luxottica Group
ANNUAL REPORT 2004 - Luxottica Group
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<strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2004</strong><br />
LUXOTTICA GROUP CAPITAL<br />
STOCK INFORMATION<br />
<strong>Luxottica</strong> <strong>Group</strong> S.p.A. listed on the NYSE on January<br />
23, 1990. At the time of the Initial Public Offering<br />
10,350,000 ordinary shares were sold, equivalent to<br />
5,175,000 American Depositary Shares (each ADS<br />
equals two ordinary shares). The issue price was US$<br />
19 per ADS.<br />
In June 1992 <strong>Luxottica</strong> <strong>Group</strong>’s Board of Directors<br />
approved a change in the conversion ratio of the ADS<br />
from 1:2 to 1:1. The change in the conversion ratio,<br />
effective from July 10, 1992, did not effect the number<br />
of ordinary shares outstanding, which remained<br />
45,050,000.<br />
At <strong>Luxottica</strong> <strong>Group</strong>’s Extraordinary Shareholders’<br />
Meeting on March 10, 1998, the Board of Directors<br />
approved a five-for-one split of the <strong>Group</strong>’s ordinary<br />
shares. This stock split increased the number of<br />
outstanding ordinary shares from 45,050,000 to<br />
225,250,000, and reduced the par value from Lire<br />
1,000 to Lire 200. This stock split, effective from April<br />
16, 1998, had no effect on the <strong>Group</strong>’s authorized<br />
share capital, which remained Lire 45,050,000,000.<br />
Each ADS continued to equal one ordinary share.<br />
At <strong>Luxottica</strong> <strong>Group</strong>’s Extraordinary Shareholders’<br />
Meeting on May 3, 2000, shareholders approved a<br />
two-for-one stock spilt. This stock split increased the<br />
number of outstanding ordinary shares, from<br />
231,375,000 to 462,750,000, and reduced the par<br />
value from Lire 200 to Lire 100. This stock split,<br />
effective from June 26, 2000, had no effect on the<br />
<strong>Group</strong>’s authorized share capital, which remained Lire<br />
46,275,000,000. Each ADS continued to equal one<br />
ordinary share.<br />
After ten years, <strong>Luxottica</strong> <strong>Group</strong> listed on the MTA on<br />
December 4, 2000. At the time of the Offering<br />
10,385,000 ordinary shares were sold at Euro 16.83<br />
per share.<br />
<strong>Luxottica</strong> <strong>Group</strong>’s ordinary shares and ADS are traded<br />
on both exchanges under the symbol LUX.<br />
At <strong>Luxottica</strong> <strong>Group</strong>’s Extraordinary Shareholders’<br />
Meeting on June 26, 2001, shareholders approved the<br />
conversion of <strong>Luxottica</strong> <strong>Group</strong>’s authorized and issued<br />
share capital into Euro. As a result of the conversion,<br />
the per share par value of <strong>Luxottica</strong> <strong>Group</strong>’s ordinary<br />
shares became Euro 0.06, from Lire 100.<br />
On December 31, <strong>2004</strong> <strong>Luxottica</strong> <strong>Group</strong>’s authorized<br />
share capital was Euro 27,312,328.38, equivalent to<br />
455,205,473 ordinary shares.<br />
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