Zalando: to buy back shares for stock options
(CercleFinance.com) - Zalando has decided to implement a share buyback program of up to 50 million euros to honour its stock option plans, according to a securities filing on Friday.
The German online fashion retailer plans to buy back up to 1.25 million of its own shares to meet obligations arising from share option programs to employees and members of the management team, it said.
The buy-backs will start on 16 March and will finish on 13 April at the latest.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The German online fashion retailer plans to buy back up to 1.25 million of its own shares to meet obligations arising from share option programs to employees and members of the management team, it said.
The buy-backs will start on 16 March and will finish on 13 April at the latest.
Copyright (c) 2018 CercleFinance.com. All rights reserved.