Luxottica Group's shareholders have approved a proposal to issue new shares with a nominal value of 660,000 euros, involving an equity increase of 2.43 percent, to finance one or more stock option plans for its employees. The equity increase may be carried out in one or more stages between now and March 31, 2017. Shareholders have also approved a simplification of the group's structure that will allow all the wholesale subsidiaries' dividends to flow directly to the holding company. The group has 22 wholly owned wholesale subsidiaries and 4 other majority owned subsidiaries selling its products around the world ? over 2,100 styles in a wide array of colors and sizes. It also owns a 49 percent stake in a subsidiary in the Arab Emirates.