Dassault Aviation launches share buyback program
Dassault Aviation has announced a new share buyback program authorized by its May 2018 General Meeting. The program aims to diversify the company's equity structure and market activities.
French aerospace manufacturer Dassault Aviation is initiating a new program to repurchase its own shares. Authorized by the General Meeting of Shareholders on May 24, 2018, the program permits the buyback of up to 10% of the company's share capital.
The stated objectives for the share buyback include canceling shares to enhance return on equity and earnings per share. Additionally, the shares may be used to support the liquidity of Dassault Aviation stock or be allocated to company employees and executives through share purchase options or other employee shareholding arrangements.
Dassault Aviation will execute these buybacks and subsequent sales in compliance with European regulations, including those set by the French Financial Markets Authority. The maximum purchase price per share is set at EUR 1,700, excluding acquisition costs. The company's shares are listed on the Euronext Paris regulated market.
Dassault Aviation is a key player in the aeronautics industry, known for its fighter aircraft, business jets, and military training aircraft. The Dassault Aviation Group reported an adjusted turnover of EUR 4,808 million in 2017.