Dassault Aviation buys back 8% of its own shares from Airbus Group

Airbus Group SAS and DASSAULT AVIATION have signed an agreement whereby Dassault Aviation acquires a block of its own shares from Airbus and both companies cooperate to implement additional transactions by Airbus of Dassault Aviation shares in 2015 in the form of accelerated book-buildings subject to market conditions. As per the authorization granted by the shareholders’ meeting of  September 24th, 2014, Dassault Aviation has bought back from Airbus Group a block representing 8 percent of the share capital of the Company in an off-market block trade. The price of the transaction is €980 per share representing a total amount of approximately €794m, representing a 9.2% discount over the last trading price of the day. Concurrently, a shareholders’ agreement has been agreed among GIMD (Groupement Industriel Marcel Dassault, the majority shareholder of Dassault Aviation) and the French State, which sole purpose is to grant the French State a preemption right on any and all transfer of shares of Dassault Aviation by GIMD resulting in the fall of the stake of GIMD below 40 percent of the share capital of Dassault Aviation and any further transfer of shares below this threshold.This transaction enables Airbus Group to reduce its stake in the Company, as announced over the last weeks. Together with a prior recent share buyback, Dassault Aviation owns 9.4 percent of its share capital.