on Airbus Group N.V. (EPA:AIR)
Airbus Initiates Limited Share Buyback Program
Airbus SE, symbol: AIR, announced the commencement of a share buyback program. The initiative aims to support future employee share ownership plans and equity-based compensation. The program will run in the open market until 31 March 2025, targeting up to 4,254,000 shares. The acquisition will adhere to prices fixed in accordance with the Delegated Regulation.
An investment firm will execute the program's first tranche, involving up to 2,127,000 shares, starting from 9 September 2024 and ending by 31 October 2024. The firm's trading decisions will be made independently of Airbus.
The buyback program will comply with market conditions, rules, and regulations, including the EU Market Abuse Regulation and the Delegated Regulation. This initiative follows shareholder authorization granted at the Annual General Meeting on 10 April 2024, allowing for the repurchase of up to 10% of the company's share capital.
Further details will be provided on the Airbus website.
R. E.
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