SAFRAN (EPA:SAF) - Safran: Repurchase of own shares for allocation or sale to employees
Transparency directive : regulatory news
18/05/2020 08:46
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PRESS RELEASE
Safran : Repurchase of own shares for allocation or sale to employees
Paris, May 18, 2020
Within the scope of its share repurchase program authorized by the May 23, 2019
shareholders' meeting (14th resolution), Safran (Euronext Paris: SAF) has
entrusted an investment service provider to acquire up to 62,500 ordinary
Safran shares, representing 0.01% of its share capital as at April 30, 2020, no
later than May 22, 2020 and subject to market conditions. These shares will be
allocated to free share grant programs to some employees. The unit purchase
price may not exceed the maximum of EUR155 per share set by the May 23, 2019
shareholders' meeting.
Safran is an international high-technology group, operating in the aircraft
propulsion and equipment, space and defense markets. Safran has a global
presence, with more than 95,000 employees and sales of 24.6 billion euros in
2019. 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 1.7 billion euros in 2019.
For more information: www.safran-group.com / Follow @Safran on Twitter
Press
Catherine MALEK: catherine.malek@safrangroup.com / +33 1 40 60 80 28
Investor Relations
Cécilia Matissart: cecilia.matissart@safrangroup.com / +33 1 40 60 82 46
Jean-François Juéry: jean-françois.juery@safrangroup.com / + 33 1 40 60 27 26