Airbus 2015 Annual Report Download - page 131

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 99 l
GeneralDescription ofthe CompanyanditsShareCapital
Registration Document 2015
3.
3.4 Dividends
 shares may be bought or sold at any time (including
during a public offering) to the extent authorised by the
stock exchange regulations and by any means, including,
without limitation, by means of block trades and including
the use of options, combinations of derivative financial
instruments or the issue of securities giving rights in any
way to AirbusGroupSE shares within the limits set out in
this document.
The portion of shares repurchased through the use of block
trades may amount to all the shares to be repurchased in
the context of this programme,
 in addition, in the event that derivative financial instruments
are used, the Company will ensure that it does not use
mechanisms which would significantly increase the
volatility of the shares in particular in the context of call
options,
 characteristics of the shares to be repurchased by the
Company: shares of AirbusGroupSE, a company listed
on Euronext Paris, on the regulierter Markt of the Frankfurt
Stock Exchange and on the Madrid, Bilbao, Barcelona and
Valencia Stock Exchanges,
 maximum purchase price per share: € 85;
 term of the share repurchase programme and other
characteristics: this share repurchase programme shall be
valid until 27November 2016 inclusive, i.e. the date of expiry of
the authorisation requested from the Annual General Meeting
of Shareholders held on 27May 2015.
3.4 Dividends
3.4.1 Dividends and Cash Distributions Paid
Cash distributions paid to the shareholders are set forth in the table below:
Financial year Date of the cash distribution payment Gross amount per share(1)
2013 3June 2014 € 0.75
2014 3June 2015 € 1.20
(1) Note: figures have not been adjusted to take into account changes in the number of shares outstanding.
3.4.2 Dividend Policy of the Company
In December2013, the Group formalised a dividend policy demonstrating a strong commitment to shareholders’ returns. This
policy targets sustainable growth in the dividend within a payout ratio of 30%-40%.
Therefore, based on earnings per share (“EPS”) of € 3.43, the Board of Directors will propose to the Annual General Meeting the
payment to shareholders of a dividend of € 1.30 per share on 4May 2016 (FY 2014: € 1.20).
The record date should be 3May 2016. This proposed dividend represents a pay-out ratio of 38% and a year-on-year dividend
per share increase of 8%.
3.4.3 Unclaimed Dividends
Pursuant to the Articles of Association, the claim for payment of
a dividend or other distribution approved by the Shareholders’
Meeting shall lapse five years after the day on which such claim
becomes due and payable. The claim for payment of interim
dividends shall lapse five years after the day on which the claim
for payment of the dividend against which the interim dividend
could be distributed becomes due and payable.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015
Q