LensCrafters 2007 Annual Report Download - page 110

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| 109 <
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, 2007 Luxottica Group’s authorized share capital was Euro 27,757,417.20,
equivalent to 462,623,620 ordinary shares.
LUXOTTICA GROUP
SHARE CAPITAL
INFORMATION