AGM Information • May 16, 2025
AGM Information
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In accordance with the provisions of European Regulation (EU) No 596/2014 of April 16, 2014, and with articles 241-1 and following of the General Regulation of the French Financial Markets Authority, this document sets out the objectives, terms and conditions of the share buyback authorization by Dassault Aviation (the "Company"), this authorization having been decided by the Combined General Meeting of May 16, 2025.
Saint-Cloud, May 16, 2025,
Dassault Aviation, a major player in the aeronautic industry, both at a European and International level, is the only Group in the world capable of conceiving, producing, realizing and supporting fighter aircraft, political independence instruments, and business jets, instruments for both work and economic development.
In 2024, Dassault Aviation Group's adjusted net sales reached EUR 6.2 billion, with an adjusted net income of EUR 1.056 billion.
Dassault Aviation's shares are listed on the Euronext regulated market in Paris (segment A). They are eligible for the Deferred Settlement Service (SRD). ISIN Code: FR0014004L86.
This buyback authorization, which complies with articles L. 22-10-62 and following of the French Commercial Code, was decided by the Combined General Meeting of May 16, 2025 (eleventh resolution).
This new authorization implemented by the Board of Directors held on May 16, 2025, has terminated the unused portion of the authorization previously decided by the General Meeting of May 16, 2024.
The redeemed shares under this new buyback authorization will be deprived of voting and dividend rights so long as they are held by Dassault Aviation.
As of May 16, 2025, the capital of the Company consists of 78,397,034 shares.
At that time, the Company holds 175,162 of its own shares, representing 0.22% of its share capital.
The 175,162 own shares held by the Company have been allocated for the dual purpose of attribution of performance shares and setting up of liquidity contract (meeting of the Board of Directors of November 28, 2014).
Dassault Aviation envisages repurchasing, or arranging for the repurchase of, its shares, for the following purposes:
The maximum proportion of the Company's share capital capable of being bought back as approved by the Combined General Meeting of May 16, 2025 within the framework of the new share buyback authorization, is 10% of the total number of shares comprising the share capital of the Company (the 10% limit applying to an amount of the share capital that will be adjusted to take into account transactions on its capital), which, based on the total share capital of 78,397,034 shares as of May 16, 2025, amounts to 7,839,703 own shares.
Dassault Aviation reserves the right to use the entire authorization.
As provided under the provisions of articles L. 22-10-62 and following of the French Commercial Code, Dassault Aviation may at no time, directly or indirectly, hold own shares representing more than 10% of its share capital.
The maximum purchase price of the shares was fixed by the Combined General Meeting of May 16, 2025, at EUR 270 per share, excluding acquisition charges, subject to relevant adjustments by the Board of Directors linked to dealings with the Company's share capital, including through capitalization of reserves and the allotment of free shares and/or a stock split or reverse stock split.
Based on a maximum number of shares that can be held, representing 10% of the Company's share capital as of May 16, 2025, which amounts to a maximum number of 7,839,703 shares; the maximum theoretical investment allocated for buybacks, based on the maximum authorized purchase price of EUR 270 per share, amounts to EUR 2,116,719,810 (eleventh resolution).
The acquisition, disposal, or transfer transactions described above may be carried out by any means permitted by current legislation and regulations, including within the framework of negotiated transactions.
The Company may not buy shares at a price that exceeds the higher of the last closing price after a transaction in which the Company did not take part or the highest ongoing independent bid on the trading platform where the purchase would take place.
It will terminate on November 16, 2026.
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During the implementation of the share buyback authorization, any significant alteration of any of the information mentioned above will, as soon as possible, be made available to the public according to the terms and conditions specified in article 221-3 of the General Regulation of the French Financial Markets Authority.
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