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(AOF) – In July 2023, Safran announced that the company would launch a share buyback for cancellation of an amount of 1 billion euros to be carried out in 2024 and 2025. In this context, Safran entered into an agreement with a investment services provider for a first tranche of this share buyback for cancellation. Under the terms of this agreement, Safran will purchase its own shares for a maximum amount of 250 million euros from July 1, 2024 and no later than September 13, 2024.
This operation will be carried out in accordance with the authorization given on May 23, 2024 by the General Meeting of Shareholders which set the maximum repurchase price at 300 euros per share.
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