EADS Appoints New Broker For Share Buyback Programme
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 France’s Autorité des marchés financiers (AMF).
Under this mandate, EADS has instructed the broker to purchase EADS shares for a new period of 3 months with an automatic roll-over unless terminated by EADS. 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).
About EADS
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.
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