DER DE Rigo Spa

LONGARONE, Italy, December 14 /PRNewswire-FirstCall/ -- At a shareholders meeting held on December 13, the shareholders of De Rigo S.p.A. (NYSE:DER) approved the proposals of De Rigo's board of directors with regard to a series of matters, including the delisting of De Rigo's American Depositary Shares and the deregistration of De Rigo's ordinary shares and ADSs under the U.S. Securities Exchange Act of 1934, as amended. De Rigo intends to proceed with the delisting and deregistration, which are subject to compliance with applicable U.S. securities laws and the rules of the NYSE, and currently expects that its ADSs will cease to trade on the NYSE in January. The shareholders also approved payment of an extraordinary dividend in the amount of EUR1.65 per ordinary share/ADS, or a total of approximately EUR70 million. The record date for the extraordinary dividend is December 16, and the dividend is expected to be paid to holders of ordinary shares on December 19 and to holders of ADSs on December 29. The shareholders also authorized De Rigo to repurchase up to 700,000 of its ordinary shares/ADSs for a period of 18 months following the delisting of the ADSs. De Rigo is one of the world's largest manufacturers and distributors of premium eyewear, the major optical retailer in Spain through General Optica, one of the leading retailers in the British optical market through Dollond & Aitchison and a partner of the LVMH Fashion Group for the manufacture and distribution of Celine, Givenchy and Loewe eyewear. De Rigo also manufactures and distributes the licensed brands Chopard, Ermenegildo Zegna, Escada, Etro, Fila, Furla, Jean Paul Gaultier, La Perla and Mini, as well as its own brands Police, Sting and Lozza. DATASOURCE: De Rigo S.p.A. CONTACT: Maurizio Dessolis, Chief Financial Officer, Tel: +39-0437-7777, Fax +39-0437-770727, e-mail:

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