Airbus SE has initiated the second phase of its share buyback program, announced on September 9, as detailed by the company in a statement. This program, aimed at supporting employee shareholding plans and stock-based compensation, will be carried out in several phases until March 31, 2025.
According to the company, this second phase plans to repurchase up to 2,127,000 shares on the open market, a task that will be managed by an independent investment firm. This new stage begins today and will conclude no later than January 24, 2025. The firm in charge of execution will independently decide on the timing of purchases, Airbus stated.
The first phase of the program concluded on October 4 of this year, achieving the buyback of 2,127,000 shares, representing half of the total target set by the company. The program is being executed under the authorization granted by shareholders at Airbus’s Annual General Meeting on April 10, 2024, which allows the repurchase of up to 10% of the company’s issued share capital.
Airbus stated that the initiative is being carried out in compliance with applicable regulations, including the provisions of the European Union’s Market Abuse Regulation (EU Regulation No. 596/2014) and its delegated regulation (EU Regulation No. 2016/1052).
The company emphasized that this program aims to avoid the dilution of existing shares while supporting employee shareholding plans and other equity-based compensation mechanisms. For those interested, Airbus will make detailed information about the program available on its official website.
