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December 5, 2012
12:11 EDTEADSYEADS says company, core holders agree on overhaul of governance, ownership
The EADS Board of Directors and the company’s core shareholders have agreed on a far-reaching change of the company’s shareholding structure and governance. This agreement aims at normalizing and simplifying the governance of EADS while securing a shareholding structure that allows France, Germany and Spain to protect their legitimate strategic interests. Subject to the vote of the Extraordinary General Meeting of the shareholders of EADS, the present shareholder pact, called “Participation Agreement”, in place since the company’s foundation in 2000, will be terminated and replaced by a new, limited arrangement between the French, German and Spanish Governments. France, Germany and Spain have agreed on a capped government shareholding, with Germany and France intending to ultimately hold up to 12% each and Spain circa 4%. The three states will have reciprocal pre-emption rights. The amended Articles of Association of EADS will contain an ownership and voting restriction from crossing the 15% threshold by shareholder individually or collectively. Certain specific French and German national security interests will be protected through the creation of “national defense companies” holding sensitive military assets, and including the rights of France and Germany to consent to three outside directors to the board of their respective “national defence companies”. Under the new governance scheme, no veto right will be given to any group of Directors in the Board or to any shareholder at the Shareholders’ Meeting.
News For EADSY From The Last 14 Days
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September 22, 2014
13:49 EDTEADSYBoeing exec to up output target if supportable, Reuters says
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08:10 EDTEADSYAirbus sales head careful regarding jet output growth, Reuters says
Airbus' sales chief John Leahy said that the company has a careful perspective regarding plane output growth, by noting that it would review supply chain and other conditions before choosing to further raise the output of its A320 jets, according to Reuters, citing comments from Leahy. Reference Link
06:52 EDTEADSYReport says Germany urging Airbus for A400M cost reductions, Reuters says
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September 17, 2014
09:12 EDTEADSYAirbus exec says strategy chief to stay with company
Airbus' head of corporate communications Rainer Ohler said via his Twitter account that the company's strategy chief Marwan Lahoud is staying with the company. The news comes after speculation arose that Lahoud could potentially be the next CEO of Safran. Reference Link
07:45 EDTEADSYLufthansa orders 15 more Airbus A320neo, 10 A320ceo aircrafts
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September 16, 2014
10:40 EDTEADSYAirbus administers A320neo final ground trials, Reuters says
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06:09 EDTEADSYAirbus Defense, Space to sell some divisions
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September 11, 2014
12:16 EDTEADSYAirbus settles A380 delivery disagreement with Qatar Airways, Reuters says
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08:22 EDTEADSYAirbus head knocks German government regarding export bar, Reuters says
Airbus CEO Fabrice Bregier knocked the German government regarding its restrictive export rule on defense products by saying that the law could prevent global partners from collaborating on defense initiatives in the future, according to Reuters, citing comments from Bregier. Reference Link
September 9, 2014
13:51 EDTEADSYNTSB finds UPS flight 1354 crashed due to 'unstabilized approach'
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