Airbus SE has announced the start of a share buyback programme to support future employee share ownership plans and equity-based compensation.
The aerospace company will repurchase up to 4,254,000 shares in the open market by 31 March 2025.
The programme will be executed in multiple tranches, with the first tranche targeting up to 2,127,000 shares between 9 September and 31 October 2024.
Airbus has appointed an independent investment firm to manage the initial tranche.
The buyback will be conducted in compliance with EU market abuse regulations and within the authority granted by shareholders at Airbus’ April 2024 annual general meeting.
That authority allows the company to repurchase up to 10% of its issued share capital.
Airbus said the programme aims to support employee share plans while avoiding dilution of existing shareholders.
The company stated the buyback will be subject to market conditions and applicable regulations.
Detailed information about the programme will be made available on the Airbus website.
The announcement did not specify a monetary value for the share repurchases, stating only that the maximum amount would be that required to acquire the targeted number of shares at compliant prices.
Airbus shares trade on stock exchanges under the symbol AIR.
