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Decrease in resources allocated to the liquidity contract

Finance

Safran (Euronext Paris: SAF) has entered into a liquidity contract with ODDO BHF SCA in 2019 to enhance the trading of its own shares (ISIN FR0000073272) in accordance with regulations. 

As at March 31, 2024, the resources allocated to the liquidity contract amounted to Euro 56,422,642.38 thus exceeding the Euro 50 million applicable threshold under AMF decision no. 2021-01 of June 22, 2021.

Consequently, Safran has decided to reduce the resources allocated to the liquidity contract by a cash withdrawal of Euro 6,500,000 effective this day.

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Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 92 000 employees and sales of 23.2 billion euros in 2023, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap.

Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices

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