PSA to cancel 4.6 pct shares starting Nov 03-Folz


PARIS, Nov 22 (Reuters) - French carmaker PSA Peugeot-Citroen expects to cancel 4.6 percent of its shares starting November 2003, its Chief Executive Jean-Martin Folz said in an interview to be published on Saturday. "At the end of September we held 11.9 million of our own shares, the equivalent of 4.6 percent of our capital... We plan to cancel them starting in November 2003," he told French business weekly Le Journal des Finances.

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