Safran’s 2024 Annual General Meeting

Safran’s 2024 Annual General Meeting of Shareholders approves a dividend payment of €2.20 per share

Paris, May 23, 2024

Safran (Euronext Paris: SAF) held its Annual Ordinary General Meeting today at the Safran Campus, chaired by Ross McInnes, Chairman of the Board of Directors.

The Meeting was an opportunity for information, exchange and discussion with shareholders. The event was broadcast live on the 2024 Annual General Meeting page of the Company's website and the video is also available in full on that same webpage.

In order to facilitate shareholders’ participation in this privileged moment of exchange between shareholders and the Company's senior management, shareholders were given the opportunity to ask questions either during the meeting or in writing prior to the meeting:

•       two question-and-answer sessions were offered during the meeting, including one specifically dedicated to the Company's climate strategy ;

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shareholders were able to submit written questions in advance of the Meeting, in accordance with current regulations. In addition to this legal mechanism, Safran provided a dedicated module to ask questions on the 2024 Annual General Meeting page of its website, which was open until the opening of the Meeting.

Ross McInnes, Chairman of the Board of Directors, and Monique Cohen, Chair of the Appointments and Compensation Committee, presented subjects relating to corporate governance and corporate officers’ compensation.

Olivier Andriès, Chief Executive Officer, presented the 2023 highlights and the 2024 priorities. He also presented the Group's ambitious CSR strategy and the main achievements and successes of 2023 in this field. 

Pascal Bantegnie, Chief Financial Officer explained the 2023 Group’s results, the 2024 first quarter revenue change, before presenting the 2024 full year outlook.

Patrick Pélata, Director responsible for monitoring climate issues and Chairman of the Innovation, Technology & Climate Committee then presented the Group's climate commitments and carbon footprint. Olivier Andriès went on to outline the Group's main results and progress in 2023 in terms of decarbonizing aviation, decarbonizing Group plants and processes, and decarbonizing suppliers.

Voting results

All the resolutions submitted to the vote of the General Meeting were approved.

In particular, the shareholders approved:

•     the financial statements for the year 2023 and the dividend amount as per 2023 fiscal year at 2.20 euros per share;

•     two new related-party agreements and the Statutory Auditors' special report on regulated agreements;

•     the reappointment of Patricia Bellinger as an independent director;

•     the appointment of Pascale Dosda and the reappointment of Anne Aubert as directors representing employee shareholders;

•     the appointment of Mazars and Ernst & Young et Autres as statutory auditors in charge of certifying sustainability disclosures;

•     all resolutions concerning the compensation of corporate officers (2023 compensation and 2024 compensation policies);

•     the new authorization enabling Safran to buy back its own shares at a maximum purchase price of €300 per share.

The resolutions concerning the composition of the Board of Directors were approved; therefore, the Board of Directors remains composed of 16 members with:  a percentage of independent directors of 66.7%^[1],  a percentage of female directors of 41.7%¹.

The Board of Directors has decided to appoint Ivan Hardouin as a member of the Audit and Risk Committee, replacing Marc Aubry.

The 2024 Annual General Meeting’s voting results will be made available on the 2024 Annual General Meeting page of the Company’s website (www.safran-group.com).

Safran will publish its first-half 2024 results on Thursday, July 31, 2024.

For further information, you may contact:

SAFRAN - Relations actionnaires

2, boulevard du Général Martial Valin – 75724 Paris Cedex 15

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Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 92 000 employees and sales of 23.2 billion euros in 2023, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap.

Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

For more information : www.safran-group.com / Follow Safran on X https://twitter.com/SAFRAN

Press

Catherine Malek : catherine.malek@safrangroup.com / T +33 1 40 60 80 28

Investor Relations 

Armelle Gary : armelle.gary@safrangroup.com / +33 1 40 60 82 46

Florent Defretin: florent.defretin@safrangroup.com / + 33 1 40 60 27 30

Aurélie Lefebvre: aurelie.lefebvre@safrangroup.com / +33 1 40 60 82 19 

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