SAFRAN (EPA:SAF) - Share buyback program
Transparency directive : regulatory news
29/06/2018 17:40
Click here to download pdf version
PRESS RELEASEShare buyback program
Paris, June 29, 2018
On May 24, 2017 Safran (Euronext Paris: SAF) announced its intention to
implement a Euro 2.3 billion ordinary share buyback program to run over the two
years following completion of the tender offer for Zodiac Aerospace shares.
Having completed the repurchase of the initial tranche signed on March 27, 2018
with an investment services provider for a total amount of Euro 122 million,
Safran signed a follow-on repurchase tranche on June 29, 2018 with a different
investment service provider. According to this agreement, Safran will acquire
up to Euro 400 million worth of shares no later than October 31, 2018. The
average price per share will be determined based on the mean volume-weighted
market price observed during the entire duration of the agreement. The unit
price may not exceed the maximum of Euro 118 per share set by the May 25, 2018
annual shareholders' meeting.
Safran is an international high-technology group, operating in the aircraft
propulsion and equipment, space defense markets. Safran has a global presence,
with more than 58,000 employees and sales of 16.5 billion euros in 2017.
Working alone or in partnership, Safran holds world or European leadership
positions in its core markets. Safran undertakes Research & Development
programs to meet fast-changing market requirements, with total R&D expenditures
of around 1.4 billion euros in 2017. Safran is listed on the Euronext Paris
stock exchange, and is part of the CAC 40 and Euro Stoxx 50 indices.
In February 2018, Safran took control of Zodiac Aerospace, significantly
expanding its aircraft equipment activities. Together with Zodiac Aerospace,
Safran has more than 91,000 employees and would have around EUR21 billion in
adjusted revenue (pro forma 2016).
For more information : www.safran-group.com / Follow @Safran on Twitter
Press
Catherine MALEK : catherine.malek@safrangroup.com / T +33 (0)1 40 60 80 28
Investors Relations
Cécilia MATISSART : cecilia.matissart@safrangroup.com / T +33 (0) 1 40 60 82 46
Frédéric LUCAND : frederic.lucand@safrangroup.com / T +33 (0)1 40 60 82 19
SAFRAN's latest news
10/04/2024 18:34
29/03/2024 15:33
08/03/2024 15:47
19/02/2024 15:41
15/02/2024 07:00
12/02/2024 19:06
05/02/2024 10:47
29/01/2024 14:16
22/01/2024 18:02
12/01/2024 17:45
Other stories
19/04/2024 06:05
19/04/2024 00:29
18/04/2024 14:23
19/04/2024 00:07
19/04/2024 00:25
19/04/2024 01:01
18/04/2024 20:57
18/04/2024 21:19
18/04/2024 19:33
18/04/2024 23:23
18/04/2024 23:06
18/04/2024 14:00
19/04/2024 01:15
18/04/2024 22:54
18/04/2024 21:26
18/04/2024 06:00
19/04/2024 02:35
18/04/2024 01:46
17/04/2024 13:30
18/04/2024 12:45
18/04/2024 15:24
18/04/2024 17:53
19/04/2024 01:04
18/04/2024 22:49
18/04/2024 23:26
18/04/2024 15:48
19/04/2024 00:41
18/04/2024 15:00
18/04/2024 12:48
18/04/2024 19:38
18/04/2024 11:33
18/04/2024 17:58
18/04/2024 11:30
17/04/2024 09:30
18/04/2024 08:00
18/04/2024 17:22
18/04/2024 12:50
17/04/2024 15:00