Orange Acquires Treasury Shares for Long-Term Incentive Plans

Orange Acquires Treasury Shares for Long-Term Incentive Plans

(IN BRIEF) Orange has announced its purchase of treasury shares as part of its 2023 share buyback program. These shares have been acquired to fulfill obligations related to long-term incentive plans designed for corporate officers and senior employees. These incentive plans are contingent on the presence and performance of key managers within the Group and were established to align their interests with the success of Orange’s strategic plan. The share buyback program was authorized by the Shareholders’ General Meeting held on May 23, 2023, and detailed information about the program can be found in Orange’s 2022 universal registration document. The purchased shares were acquired from December 13 to 14, 2023, and none of them were part of a share liquidity contract. Additional transaction details are available on the Orange website.

(PRESS RELEASE) PARIS, 15-Dec-2023 — /EuropaWire/ — Orange announces that it has purchased treasury shares within the framework of its 2023 share buyback program.

These shares have been acquired to honour obligations related to long-term incentive plans for corporate officers and senior employees. The long-term incentive plans, which are conditional on presence and performance, were set up with the aim of involving Group key managers in the success of its strategic plan.

Name of the issuer: Orange (LEI: 969500MCOONR8990S771)
References of the share buyback program: A description of the program authorised by the Shareholders’ General Meeting held on 23 May 2023 (19th resolution) can be found in Orange’s 2022 universal registration document (section 6.5)
Securities identifying code: Ordinary shares (ISIN: 0000133308), listed on Euronext Paris / Compartment A
Start date of the program: The 19th resolution of the shareholders’ general meeting held on 23 May 2023 was activated at the Board of Directors meeting on 23 May 2023

None of these shares were purchased as part of a share liquidity contract. Detailed information on these transactions may be found on the Orange website (Investors’ Library (orange.com)).

About Orange
Orange is one of the world’s leading telecommunications operators with revenues of 43.5 billion euros in 2022 and 137,000 employees worldwide at 30 September 2023, including 73,000 employees in France. The Group has a total customer base of 296 million customers worldwide at 30 September 2023, including 251 million mobile customers and 25 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business. In February 2023, the Group presented its strategic plan « Lead the Future », built on a new business model and guided by responsibility and efficiency. « Lead the Future » capitalizes on network excellence to reinforce Orange’s leadership in service quality.

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).

For more information on the internet and on your mobile: www.orange.com, www.orange-business.com, and the Orange News app or to follow us on Twitter: @orangegrouppr.

Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

Media Contacts:

Tom Wright
tom.wright@orange.com

Caroline Cellier
caroline.cellier@orange.com

SOURCE: Orange