The limited share buyback programme explained
Airbus SE has launched a limited share buyback programme to assist future employee share ownership plans and equity-based compensation. This programme by Airbus will be carried out on the open market and will last until March 31, 2025, with the goal of repurchasing up to 4,254,000 shares of the company.
The programme’s periods
The share buyback will be carried out in different periods starting with the first period, planned to be available between September 9, 2024 and October 31, 2024. This period aims to buy back approximately 2,127,000 shares of the company. Airbus has engaged an independent investment firm to oversee the execution of this initial period, allowing the company to make its own judgments about the timing of share purchases. This project will be carried out in accordance with EU legislation, particularly the EU Market Abuse Regulation (Regulation No. 596/2014) and the Commission Delegated Regulation (EU) No. 2016/1052), which govern market abuse and share repurchase procedures. The buyback will be subject to current market conditions and other relevant regulations.
The programme’s procedure
The proposal is carried out under the permission provided by Airbus shareholders at the company’s Annual General Meeting on April 10, 2024. The shareholders authorized the Airbus Board of Directors to repurchase up to 10% of the company’s outstanding share capital. The buyback scheme will not only assist employee share ownership plans and equity-based pay, but it will also prevent existing shareholders’ shares from being diluted. While no monetary value has been assigned to the programme, the total amount will be determined by the number of shares to be purchased at values specified by the Delegated Regulation.
Airbus shares are publicly traded under the stock symbol AIR.
More information about the limited share buyback programme can be found here.
