Press release

Paris, 10 December 2019

 

 

Transactions carried out as part of a share buyback program and outside of a liquidity contract

 

Orange announces that it has purchased treasury shares within the framework of its 2019 share buyback program.

 

These shares have been acquired to honour obligations related to the Orange Vision 2020 free shares award plan and the long term incentive plan for key managers (free allocation of performance shares). The 9.1 million shares Orange Vision 2020 plan and the long term incentive plan, which are conditional on presence and performance, have been respectively proposed to all Group employees and key managers with the aim of sharing the benefits of the "Essentials2020" strategic plan across the Group.

 

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 21 May 2019 (15th resolution) can be found in Orange s 2018 registration document

Securities identifying code: Ordinary shares (ISIN: 0000133308), listed on Euronext Paris / Compartment A (MIC: XPAR)

Start date of the program: The 15th resolution of the shareholders general meeting held on 21 May 2019 was activated at the Board of Directors meeting on 21 May 2019

 

Cash purchases of shares from 5^th to 6^th December 2019:

 

Trading date	Type of transaction	Number of shares	Daily weighted average purchase price ( )	Amount ( )
05 December 2019	Purchase	1,236,096	13.6396	16,859,855.00
06 December 2019	Purchase	763,904	13.5916	10,382,677.61
Total	Purchase	2,000,000	13.6213	27,242,532.61

 

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 (https://www.orange.com/en/Investors/Regulated-information).

 

 

About Orange

Orange is one of the world s leading telecommunications operators with sales of 41 billion euros in 2018 and 148,000 employees worldwide at 30 September 2019, including 88,000 employees in France. The Group has a total customer base of

268 million customers worldwide at 30 September 2019, including 209 million mobile customers and 20 million fixed broadband customers. The Group is present in 27 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In March 2015, the Group presented its new strategic plan Essentials2020 which places customer experience at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its new generation networks.

 

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 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.

 

Press contacts: +33 (0)1 44 44 93 93

Tom Wright; tom.wright@orange.com