on SOCIETE GENERALE (EPA:GLE)
Societe Generale Commences Share Buyback Program
On February 10, 2025, Societe Generale initiated a share buyback program valued at EUR 872 million. This move aims for the eventual cancellation of the repurchased shares. The bank secured all necessary approvals and will adhere to conditions set during the General Meeting of May 22, 2024, alongside compliance with the Market Abuse Regulation.
Between February 10 and 14, Societe Generale repurchased shares, completing 12% of the program, which accounts for 0.4% of its total share capital. Trading executed on platforms such as XPAR and CEUX observed a weighted average price of EUR 36,6008 per share.
The liquidity agreement with Rothschild has been temporarily suspended during the buyback period. These actions reflect Societe Generale’s strategy to enhance shareholder value through efficient capital management.
R. H.
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