Safran’s shareholders were invited to consider mainly the plan to merge Zodiac Aerospace into Safran at a meeting on November 27, 2018. All the resolutions submitted to the shareholders’ vote were approved.
Following presentations by Safran of the merger plan and notably the reports of the merger appraisers concluding that the exchange ratio is fair, the shareholders approved notably the merger of Zodiac Aerospace into Safran with 99.88% voting in favor.
With the approval at the meetings on November 27, respectively of Zodiac Aerospace and Safran shareholders, all the conditions precedent have been satisfied. Therefore, the merger will complete
on December 1, 2018.
Shareholders also approved a new authorization allowing Safran to repurchase its own shares with a price not to exceed €140 per share.
