Airbus has announced series of share buyback transactions under a programme that started on 27 February 2023.
The buybacks are "for the sole purpose of covering Airbus’ long-term incentive plan in shares", the French aerospace company said, with the programme expected to be completed in one month.
The transactions covered in the announcement took place between February 27 and March 3, Airbus said, and involved 171,250 shares at a daily weighted average purchase price of €123.457430.
The repurchased shares will be redistributed to the beneficiaries of long-term incentive plans according to the relevant plan rules, Airbus said, adding that buyback was undertaken according to terms agreed at an annual general meeting in April 2022.
The transactions were reported under Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse.