Safran Announces New Share Buyback Tranche

Paris, May 29, 2024 - Safran (Euronext Paris: SAF) has signed an agreement with an investment services provider to initiate a new tranche of share repurchases. This move aims to facilitate the delivery of shares for convertible bonds maturing in 2028 and the allocation or sale of shares to employees and corporate officers within Safran or other Group companies.

The agreement stipulates that Safran will buy back shares up to a maximum of €420 million between May 30 and June 26, 2024. This operation adheres to the share buyback authorization granted by the shareholders’ General Meeting on May 23, 2024, which sets the maximum purchase price at €300 per share.