Oriflame proposes share buyback programme

Published: 20-Nov-2012
Finance

Will allow for the purchase of up to 10% of the company’s shares


The board of directors of Swedish direct seller Oriflame Cosmetics has called for an extraordinary general meeting (EGM) to issue a mandate for a share buyback programme, allowing for the purchase of up to 10% of the company’s shares until the 2014 AGM.

The purpose of the share buyback programme is to optimise the capital structure, which Oriflame says is enabled by its strong financial position and good cash flow generation from operations. The share buyback programme will be carried out in accordance with the EU Safe Harbour regulation and the acquired shares will be cancelled. Oriflame has also said it intends to execute the share purchases in such a way that its ability to pay out ordinary dividend is maintained.

The reason Oriflame has given for holding the EGM, which will take place on 19 December 2012, is that it believes it is optimal from a timing perspective to launch a share buyback programme in advance of the next AGM.

See more

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Finance

We reveal the world's strongest beauty brands: Top 50 beauty brands, part 2

Read more
What is brand strength, how is it calculated and which are the cosmetic industry's strongest players? Plus discover numbers 26-50 on our brand league table

Trending Articles

  1. L'Oréal, LVMH and Luxottica named preferred buyers of Giorgio Armani empire The late Italian fashion designer has given purchasing priority to L'Oréal, along with LVMH, owned by the world’s richest man, Arnault Bernard, and eyewear brand Luxottica
  2. You need to be a subscriber to read this article.
    Click here to find out more.
    Marionnaud pulls out of Poland The retailer is looking to complete the process in Q1 of 2014
  3. You need to be a subscriber to read this article.
    Click here to find out more.
    From Estée Lauder to Chanel: The beauty industry’s biggest job cuts of 2025 Mass beauty brand owners and luxury firms alike have made layoffs this year amid falling sales and tough economic challenges. Are more to come?
  4. Face The Future grows luxury hair portfolio with Luxurious Look acquisition The online beauty retailer’s acquisition of the luxury hair care retailer comes as Face The Future enters a new growth phase
  5. Klarna launches new shopping app allowing users 'buy now, pay later' via any online retailer The app has been rolled out to UK-based consumers and means users can split the cost even if the store has not officially partnered with the Swedish fintech

Upcoming event

13th Annual Beauty Trends & Innovations Conference

24 September 2025 | London, UK See all

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Finance

We reveal the world's strongest beauty brands: Top 50 beauty brands, part 2

What is brand strength, how is it calculated and which are the cosmetic industry's strongest players? Plus discover numbers 26-50 on our brand league table
You need to be a subscriber to read this article.
Click here to find out more.
Media

#CBtop50: The top 50 beauty brands in the world 2020

The 2020 ‘Brand Finance Cosmetics 50’ beauty league table sees L’Oréal take the crown for the world’s most valuable global beauty brand, while CVS stands tall as the top beauty retailer. But how will the coronavirus crisis impact next year’s list?
You need to be a subscriber to read this article.
Click here to find out more.
Media

Think locally: Strategies for success in Southeast Asia's beauty markets

Southeast Asia comprises lucrative but very diverse beauty and personal care markets, so targeted approaches are recommended for brands eyeing this region, as Reena Karim-Hallberg, Michael Tatarski, Poorna Rodrigo and Jens Kastner write
You need to be a subscriber to read this article.
Click here to find out more.
Media

Protectionism halts cosmetic progress in North Africa

A wave of protectionism is changing consumer behaviour and warping the cosmetics trade in North Africa, as Kaci Racelma, Jalal Bounouar and Heba Hashem report
You need to be a subscriber to read this article.
Click here to find out more.
Media

Global top 50 beauty brands 2017

Baby care giant Johnson’s has taken the number one spot on the ‘Brand Finance cosmetics 50’ beauty league table. Meanwhile, Gillette’s brand value surged in recent months to push L’Oréal Paris into third position. SPC and Brand Finance provide their analysis of 2017’s beauty top 50
You need to be a subscriber to read this article.
Click here to find out more.
Finance

Top 50 global beauty brands 2016

Some have fallen but the great survive and grow with the top beauty brand valued at a massive US$13.7bn. First published in SPC magazine's May edition the annual Brand Finance beauty report identifies the top brands, the risers, the fallers and most importantly the reasons why.
Colour Cosmetics

Skin care sales overtake colour cosmetics at Oriflame

Oriflame publishes annual report, naming 2015 a “year of growth”
Subscribe now