Luxottica Group S.p.A. announced that its cash offer, through its wholly owned subsidiary Luxottica South Pacific Pty Limited, for all shares, options and performance rights of OPSM Group Limited was successfully completed and closed at 7:00 p.m. (Sydney time) on September 2, 2003. OPSM Group is now a subsidiary of Luxottica South Pacific.
At the close of the offer, Luxottica South Pacific held 82.57% of OPSM Group's ordinary shares and in the coming weeks will cancel all the options and performance rights. Luxottica South Pacific has the unilateral right to appoint all the members of the OPSM Group Board of Directors.
