Safran employee stock ownership offering a big hit in France
Paris, January 9, 2012
The Safran group has completed a leveraged employee stock ownership operation in France, and is now expanding this program to its international entities. Designed to give employees a greater stake in Safran's objectives and performance, this operation allows them to acquire Safran shares under preferential conditions.
The operation proved very popular in France, with large numbers of employees clearly expressing their confidence in the future of Safran. Nearly half of all French employees (16,000) took advantage of this offer, and a large number chose to invest all or part of their profit-sharing bonus in shares. Reactions were so enthusiastic that the six million shares assigned by Safran to this operation were fully subscribed.
Through this operation Safran was able to further strengthen its employee shareholding, already at one of the highest rates among companies in the CAC40 stock market index.
During the first half of 2012, Safran employees outside of France will be able to participate in this operation in the 14 countries where the Group has a significant presence.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC 40.
Contact Presse Safran:
Tél +33 (0)1 40 60 80 28
2, bd du Général Martial Valin
75724 Paris Cedex 15 – France