Latécoère Announces the Completion of a Capital Increase Reserved for Certain Group Managers for an Amount of Approximately €2.4 Million

Regulatory News:

Latécoère (Paris:LAT) (the “Company” or the “Group”), "Tier 1" international partner of the world's major aircraft manufacturers, announces to the completion of a capital increase reserved for the benefit of some executives and corporate officers of the Group, the amount of which, including issue premium, amounts to approximately €2.4 million euros (the "Capital Increase").

This Capital Increase is part of the equity incentive plan announced on February 4, 2022, and approved by the Shareholders’ Meeting of the Company held on March 22, 2022. Combined with an ongoing recruitment campaign, the incentive plan will ensure the preparation of the Group for the industry rebound and seizing external growth opportunities.

Latécoère has undergone a profound transformation over the past two years and has a clear roadmap to 2025. It is focusing in a very pragmatic way on the Group's growth and profitability. Its objective: being a central player in the rebound of the aeronautics industry.

In this context, the company has notably strengthened its teams, increased focus on customer needs and satisfaction, improved operations efficiency and made strategic investments, including acquisitions such as Bombardier EWIS, TAC or SDM.

Retaining and attracting new talent is essential to accelerate the positive momentum and achieve the stated ambitions. It is a question of fostering long-term ties and aligning the interests of shareholders with those of management.

In order to increase the Company’s attractiveness, a wider group of current and future executives of the Group will also benefit from a dedicated plan for the allocation of free performance shares of the Company.

Terms and conditions of the issue

Latécoère proceeded as of today to the issue of 4,666,657 new shares at a unit subscription price of €0.51 within the framework of the Capital Increase.

The total amount of the Capital Increase (including issue premium) is €2,379,995.07 euros (of which €1,166,664.25 nominal amount and €1,213,330.82 issue premium).

This transaction is part of a capital increase with cancellation of the preferential subscription right for the benefit of persons belonging to a category of persons meeting specific characteristics, namely certain managers of the Group¹. The Capital Increase was launched on April 7, 2022, on the decision of the Chief Executive Officer, acting on the sub-delegation of the Board of Directors on March 30, 2022, itself acting on the basis of the delegation granted by the General Meeting of March 22, 2022 (3^rd resolution).