We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Societe Generale SA | EU:GLE | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.015 | 0.05% | 27.39 | 27.30 | 27.45 | 27.535 | 27.33 | 27.42 | 7,739,331 | 16:40:00 |
DESCRIPTION OF THE SHARE BUYBACK PROGRAMME SUBJECT TO THE AUTHORISATION OF THE COMBINED GENERAL MEETING DATED 22 MAY 2024
Regulated Information
Paris, 17 May 2024
This description is drawn up in accordance with the provisions of Article 241-2-I of the General Regulation of the French Financial Markets Authority (“Autorité des marches financiers”).
1. Date of the General Meeting called to authorise the share buyback programme
The authorisation for the Company to buy its own shares will be proposed to the Combined General Meeting dated 22 May 2024 (22nd resolution).
2. Breakdown by objectives of the shares held
As at 16 May 2024, at midnight (Paris time), Societe Generale held 3,823,838 of its own shares, representing 0.48% of its share capital. The allocation of the shares is as follows:
Cancellation | 0 |
Allocation to employees and corporate officers | 3,818,347 |
Exercise of rights attached to securities | 0 |
External growth | 491 |
Liquidity agreement | 5,000 |
3. Purposes of the share buyback programme
Societe Generale proposes that the Combined General Meeting dated 22 May 2024 renews its authorisation to buy its own shares so it can:
4. Maximum amount allocated to the share buyback programme, maximum number and characteristics of shares, maximum purchase price
The resolution proposed to the General Meeting provides that Societe Generale may purchase its ordinary shares up to 10% of the total number of shares representing the share capital at the completion date of these purchases, reminded that, in accordance with the law, the number of shares held by Societe Generale may not exceed, at any time, 10% of the share capital.
Within the framework of the share buyback programme subject to the authorisation of the Combined General Meeting and given the current share capital, the Company could purchase a theoretical maximum number of 80,297,994 shares representing 10% of its share capital.
The maximum purchase price would be set at EUR 71 per share, i.e. a potential maximum amount allocated to the programme of EUR 5,701,157,574. This maximum amount is likely to change in case of transactions impacting its share capital.
5. Duration of the share buyback programme
It is proposed to the Combined General Meeting dated 22 May 2024 to set the duration of the authorisation for the Company to buy its own shares at 18 months from the date of the General Meeting, i.e. until 22 November 2025.
6. Fulfillment of prudential requirements
The Board of Directors will ensure that the execution of these buybacks will be carried out in accordance with prudential requirements as defined by the regulation and the European Central Bank.
Press contacts:Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.comFanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com
Societe Generale
Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective - to deliver sustainable value creation for all our stakeholders.The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:
Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).
In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.
For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.
Attachment
1 Year Societe Generale Chart |
1 Month Societe Generale Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions