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government-trade

Inter Parfums SA to Grant Bonus Shares

The company will issue a free allotment starting June 23 to thank its shareholders.

PARIS — Inter Parfums SA said it would grant a free allotment of 4,858,331 new shares to thank its shareholders for their loyalty.

The Paris-based subsidiary of Inter Parfums Inc. is to give one new share for every five held beginning June 23, bringing its total shares to 24,291,655.

It is the 15th consecutive year the company has issued free shares.