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FRANCE: Pernod Ricard adds to share buyback

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Pernod Ricard bought back almost 200,000 shares last month. The French drinks group said yesterday (4 October) that in September it bought back 197,393 of its own shares. The buyback cost between €20m (US$24.7m) and €21.5m.

Early last month, Pernod Ricard said that it had bought back around 1.57m shares since it began the programme. The buyback scheme was authorised by Pernod Ricard's general shareholders' meeting in May.

The 1.57m shares bought before 7 September represented 2.2% of the company's capital. The shares were bought back at an average price of €101.54 for a total amount of around €160m.

About 570,000 of those shares are intended for a future stock option plan, the company said.


Sectors: Spirits, Wine

Companies: Pernod Ricard

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