AIRSHOW-EADS to give staff 10 shares each

FARNBOROUGH, England, July 18 (BestGrowthStock) – Airbus parent
EADS (EAD.PA: ) is granting its staff 10 shares each free of
charge in order to celebrate its 10th anniversary.

The move was announced by Chief Executive Louis Gallois at
an annual briefing ahead of the Farnborough Airshow, being held
almost 10 years to the day since the company was created from a
merger of French, German and Spanish aerospace interests.

Europe’s largest aerospace group employs just over 119,000
people. Its products include Airbus passenger jets, Arianespace
rockets, Astrium satellites, France’s nuclear deterrent and the
German and Spanish interests in the Eurofighter combat jet.

The shares will be delivered “in the later part of this
year” and replace the 2010 instalment of an Employee Share
Ownership Plan, or ESOP, according to an internal memo to staff
seen by Reuters.

The shares will not be newly issued stock but will come
from a pool of shares earmarked for buyback, executives said.

The 2010 edition of the ESOP scheme would have involved an
offer of up to 2 million shares at a 20 percent discount to the
market price, according to the company’s annual report.

In Nov. 2009 EADS offered up to 0.25 percent of its capital
or 2.035 mln shares to its own employees for 10.76 euros per
share. Staff actually subscribed for 1.359 million shares.

Gallois has campaigned against generous share options
usually reserved for management in many companies, a sensitive
topic in France and several European countries in the financial

He turned down a 1 million euro bonus for 2009 for the
second year running.

AIRSHOW-EADS to give staff 10 shares each