Orange Repurchases Treasury Shares to Support Executive and Long-Term Incentive Plans

Orange S.A. has initiated a treasury share buyback program to support its long-term incentive (LTI) plans for executive management and key employees across global operations.

Global telecommunications provider Orange has completed a series of share buyback transactions, purchasing its own ordinary stock on the open market to fulfill future distribution commitments under its executive and employee incentive programs.

The share repurchase strategy was formally authorized by Orange’s shareholders during the company’s General Meeting on May 19, 2026, under its 13th resolution and was subsequently activated by the Board of Directors on the same day. Executed between September 16 and September 22, 2026 the cash transactions involved buying back ordinary company shares listed on Euronext Paris outside of a standard liquidity contract.

The repurchased treasury shares are dedicated to servicing Orange’s long-term incentive plans, which grant company equity to corporate officers, senior executives and key managerial staff.

To ensure that corporate leadership remains focused on sustainable organizational goals, the equity grants are tied to strict vesting conditions. Participants must meet specific length-of-service criteria and satisfy defined corporate performance targets before the shares are transferred. By linking executive compensation directly to stock ownership and long-term milestones, Orange aims to align the strategic interests of its management team with overall business growth and shareholder value.

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The share repurchases reflect standard corporate treasury management, allowing multinational firms to secure required equity allocation for internal performance compensation without issuing brand-new stock that could dilute existing shareholder value.

The transactions were registered under legal entity identifier LEI 969500MCOONR8990S771 for ordinary shares traded under ticker ISIN FR0000133308 in Compartment A of the Euronext Paris exchange. By completing the open-market repurchases in full compliance with French financial market regulations, Orange ensures it has the necessary equity reserves to satisfy its contractual obligations to top talent while maintaining operational stability across its international telecommunications network.