Airbus SE (stock symbol: AIR) is launching a share buyback program to support its future employee share ownership plans and equity-based compensation schemes. The program will take place in the open market and run until March 31, 2025, with a cap of 4,254,000 shares. The total monetary amount will align with the required share quantity, priced according to the Delegated Regulation. The buyback may occur in one or more phases.
For the first phase, Airbus has appointed an investment firm to manage the acquisition of up to 2,127,000 shares. This phase will begin on September 9, 2024, and conclude by October 31, 2024. The investment firm will operate independently of Airbus, making its own decisions regarding the timing of purchases.
The buyback will be subject to market conditions and comply with relevant regulations, including the EU Market Abuse Regulation (Regulation (EU) No 596/2014) and Commission Delegated Regulation (EU) No 2016/1052.
This initiative follows the authorization granted by Airbus shareholders during the Annual General Meeting on April 10, 2024, allowing the company to repurchase up to 10% of its issued share capital. The buyback aims to support employee share plans and equity compensation while preventing shareholder dilution.
