The French wine producer and retailer Jeanjean is to launch a share buy back programme where it will acquire back up to 10% of its capital at a price of up to €20 (US$22.9) per share.
Jeanjean hopes to regulate its share price by the move.
A total of 17.5% of the company’s stock is owned by the public. The majority of shares – 67.5% – are owned by the family’s holding company SIO.
The remaining stock is owned by the company’s manager Hugues Jeanjean, his co-manager Bernard Jeanjean, the company and its employees.
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