UPDATE 1-PSA to cancel 4.6 pct shares starting Nov 2003

Newswire

(Adds quotes, details, shares) PARIS, Nov 22 (Reuters) - French carmaker PSA Peugeot-Citroen said on Friday it expects to cancel 4.6 percent of its shares starting in November 2003. A Peugeot spokesman confirmed comments made by Chief Executive Jean-Martin Folz in an interview to be published on Saturday in French business weekly Le Journal des Finances. "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 ...

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