LensCrafters 2004 Annual Report Download - page 90

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89
ANNUAL REPORT 2004
Luxottica Group S.p.A. listed on the NYSE on January
23, 1990. At the time of the Initial Public Offering
10,350,000 ordinary shares were sold, equivalent to
5,175,000 American Depositary Shares (each ADS
equals two ordinary shares). The issue price was US$
19 per ADS.
In June 1992 Luxottica Group’s Board of Directors
approved a change in the conversion ratio of the ADS
from 1:2 to 1:1. The change in the conversion ratio,
effective from July 10, 1992, did not effect the number
of ordinary shares outstanding, which remained
45,050,000.
At Luxottica Group’s Extraordinary Shareholders’
Meeting on March 10, 1998, the Board of Directors
approved a five-for-one split of the Group’s ordinary
shares. This stock split increased the number of
outstanding ordinary shares from 45,050,000 to
225,250,000, and reduced the par value from Lire
1,000 to Lire 200. This stock split, effective from April
16, 1998, had no effect on the Group’s authorized
share capital, which remained Lire 45,050,000,000.
Each ADS continued to equal one ordinary share.
At Luxottica Group’s Extraordinary Shareholders’
Meeting on May 3, 2000, shareholders approved a
two-for-one stock spilt. This stock split increased the
number of outstanding ordinary shares, from
231,375,000 to 462,750,000, and reduced the par
value from Lire 200 to Lire 100. This stock split,
effective from June 26, 2000, had no effect on the
Group’s authorized share capital, which remained Lire
46,275,000,000. Each ADS continued to equal one
ordinary share.
After ten years, Luxottica Group listed on the MTA on
December 4, 2000. At the time of the Offering
10,385,000 ordinary shares were sold at Euro 16.83
per share.
Luxottica Group’s ordinary shares and ADS are traded
on both exchanges under the symbol LUX.
At Luxottica Group’s Extraordinary Shareholders’
Meeting on June 26, 2001, shareholders approved the
conversion of Luxottica Group’s authorized and issued
share capital into Euro. As a result of the conversion,
the per share par value of Luxottica Group’s ordinary
shares became Euro 0.06, from Lire 100.
On December 31, 2004 Luxottica Group’s authorized
share capital was Euro 27,312,328.38, equivalent to
455,205,473 ordinary shares.
LUXOTTICA GROUP CAPITAL
STOCK INFORMATION