Safran - Share buyback for cancellation

PRESS RELEASE

Share buyback for cancellation

Paris, January 9, 2025

On the occasion of its Capital Markets Day held on December 5, 2024, Safran (Euronext Paris: SAF) announced a new Euro 5 billion share buyback for cancellation from 2025 to 2028⁽¹⁾. 

In that context, on January 9, 2025, Safran has entered into an agreement with an investment services provider for a first tranche of this new share buyback for cancellation. Under the terms of this agreement, Safran will repurchase its own shares (ISIN FR0000073272) for a maximum amount of Euro 350 million from January 10, 2025 and no later than April 14, 2025. This operation will be carried out in accordance with the authorization relating to share buybacks granted on May 23, 2024 by the shareholders’ General Meeting. 

⁽¹⁾ Subject to annual General Meetings approvals.

Safran is an international high technology group operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 92,000 employees and sales of €23.2 billion in 2023 and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

For more information: www.safran-group.com 

  @SAFRAN  Safran_group

Press

Catherine Malek : catherine.malek@safrangroup.com / +33 (0)1 40 60 80 28

Investor Relations

Armelle Gary : armelle.gary@safrangroup.com  / + 33 (0)1 40 60 82 46

Florent Defretin : florent.defretin@safrangroup.com / + 33 (0)1 40 60 27 30

Baptiste Delpierre: baptiste.delpierre@safrangroup.com / +33 (0)1 40 60 27 26