EADS Appoints Broker To Manage Share Buyback Programme
Amsterdam, 01 August 2013
EADS has entered into a new agreement for the independent management of its 18-month share buyback programme with a broker (“Investment Services Provider”) under the “safe harbour” regulations of the French Autorité des marchés financiers (AMF).
Under this mandate, EADS has instructed the broker to purchase EADS shares for the period from 1 August 2013 to 25 October 2013.
Going forward and subject to market conditions, EADS intends to implement similar mandates as applicable until the end of the share buyback programme decided by the EADS Board of Directors on 2 April 2013 (as described in the EADS press release dated 2 April 2013). A previous broker was mandated to run the buyback programme from 17 April to 31 July 2013.
EADS is a global leader in aerospace, defence and related services. In 2012, the Group – comprising Airbus, Astrium, Cassidian and Eurocopter – generated revenues of € 56.5 billion and employed a workforce of over 140,000.