Paris, May 7, 2025
On May 7, 2025, Safran (Euronext Paris: SAF) has entered into an agreement with an investment services provider for a tranche of share buyback for cancellation. Under the terms of this agreement, Safran will repurchase its own shares (ISIN FR0000073272) for a maximum amount of Euro 500 million from May 8, 2025 and no later than July 18, 2025. This operation will be carried out in accordance with the authorization relating to share buybacks granted on May 23, 2024 by the shareholders’ General Meeting, then, as the case may be, in accordance with the new authorization that will be submitted to the vote of the shareholders’ General meeting on May 22, 2025.
This operation comes in the context of the Euro 5 billion share buyback for cancellation, to be carried out from 2025 to 2028(1), announced by Safran on the occasion of its Capital Markets Day held on December 5, 2024. A first tranche of this plan was executed from January to April 2025 for an amount of 350 million Euros. In addition, in April 2025, Safran reallocated for cancellation existing treasury shares representing a market value of 50 million Euros.
(1) Subject to annual General Meetings’ approval.
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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 100,000 employees and sales of 27.3 billion euros in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets.
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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