Airbus acquires 1.16 million of its own shares for 229.7 million euros in its buyback program
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The European aeronautical consortium Airbus has repurchased a total of 1,169,475 of its own shares between September 11 and 18 for an approximate total amount of 229.7 million euros, as the company informed financial markets. The operations were executed at a daily weighted average price of 196.42 euros per share on the Euronext Paris (XPAR) and Xetra Frankfurt (XETA) markets. The daily volume of acquisitions consistently stood at around 195,000 shares per trading day. These transactions are part of the share buyback program announced on September 11, supported by the authorization granted by the annual general meeting of shareholders on April 14 to acquire up to a maximum of 10% of the issued share capital. The company specified that the ultimate goal of this buyback program is to cover future employee share plans and equity-based compensation schemes of the entity.
