The EADS Board approved an 18-month share repurchase programme up to € 3.75bn. The Share Buyback Programme (the “Buyback”) is to be carried out in accordance with the authority conferred by the Company’s shareholders at the Extraordinary General Meeting held on 27 March 2013 for a repurchase of up to 15% of EADS’s issued and outstanding share capital and at a maximum price of € 50 per share. The programme reflects current market conditions as well as EADS’ balanced approach to organic and external growth while preserving a conservative financial policy and sustainable returns to shareholders. The Buyback is planned to be financed by cash available on the balance sheet. It is also expected to be earnings accretive.
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Tamar Jorssen
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada