EQS-Adhoc: Airbus SE: Airbus launches second tranche of previously announced limited share buyback program

EQS-Ad-hoc: Airbus SE / Keywords: share buyback
Airbus SE: Airbus launches second tranche of the previously announced limited share buyback program

25-Nov-2024 / 08:15 CET/CEST
Disclosure of inside information according to. in accordance with Article 17 MAR of Regulation (EU) No 596/2014, broadcast by EQS News – a service of EQS Group AG.
The publisher is solely responsible for the content of this announcement.

Ad hoc release, November 25, 2024

Airbus launches second tranche of the previously announced limited share buyback program

Airbus SE (stock symbol: AIR) is launching the second tranche of its share buyback program announced on September 9, 2024, which is being implemented to support future activities in employee share ownership and share-based compensation plans. The program will be executed in multiple tranches, on the open market, over a period ending March 31, 2025, for a maximum of 4,254,000 shares (the maximum monetary amount being the amount necessary to acquire the target number of shares at prices determined laid down in compliance with the Delegated Regulation). The first tranche of the program, completed on October 4, 2024, resulted in the repurchase of 2,127,000 shares.

Airbus has commissioned an investment firm to manage the execution of the second tranche of the program, which will comprise an amount of up to 2,127,000 shares, starting on November 25, 2024 and ending no later than January 24, 2025. The investment firm will carry out its trading activities decisions about the timing of purchases independently of Airbus.

The program will be implemented depending on market conditions and in accordance with applicable laws and regulations, including Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (“EU Market Abuse Regulation” ). “) and Commission Delegated Regulation (EU) No 2016/1052 (the “Delegated Regulation”).

The program is being implemented in accordance with the authority granted by shareholders to the Airbus Board of Directors at the Airbus Annual General Meeting on April 10, 2024, to repurchase up to a maximum of 10% of the company’s issued share capital. The program is intended to support the implementation of future employee stock ownership and stock-based compensation activities, while avoiding dilution of existing shareholders.

Detailed information about the share buyback program will be made available in a timely manner, including on the Airbus website at:

Media contacts

INDEMNIFICATION

This press release does not constitute an offer to sell or form part of an offer to buy or subscribe for securities to or from any person in any jurisdiction.

The information in this announcement is for background purposes only and does not purport to be exhaustive or complete. The information contained in this announcement or its accuracy or completeness should not be relied upon for any purpose. This announcement is not intended as investment advice, nor is it a recommendation to trade in any security. The information in this announcement is subject to change.

November 25, 2024 CET/CEST The EQS distribution services include regulatory announcements, financial/business news and press releases.
Archive at www.eqs-news.com