Safran : Repurchase of own shares for allocation or sale to employees

press release




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 €155 per share set by the May 23, 2019 shareholders' meeting.