Sopra Steria announces €150 million share buyback program

Sopra Steria, a major European technology player, today announced the launch of a €150 million share buyback program. The buyback period will run from October 2, 2024 to May 20, 2025. An investment services provider has been appointed for this transaction.

The repurchased shares will be cancelled. This program is part of an authorization from the Annual General Meeting of Shareholders of May 21, 2024, allowing repurchases of up to 10% of the share capital as well as their cancellation.

This program follows Sopra Steria's strategic refocusing on digital services and solutions, reinforced by the sale of Sopra Banking Software last September, generating €410.5 million. The objective is to maintain financial flexibility and pursue a policy of targeted acquisitions.