Globe News Wire
27 May 2026, 06:17 UTC · 2h ago
Source · https://www.globenewswire.com/news-release/2026/05/27/3301630/0/en/societe-generale-description-of-the-share-buy-back-programme-subject-to-approval-by-the-2026-annual-general-meeting.html
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Societe Generale is proposing a share buy-back programme of up to 10% of its share capital, with a theoretical maximum allocation of approximately EUR 11.17 billion. — Large-scale buy-backs reduce share supply and typically signal management's confidence in the company's valuation, providing a floor for the stock price.
+0.60The proposed buy-back programme sets a maximum purchase price of EUR 150 per share. — Establishing a price ceiling provides a benchmark for the maximum valuation the company is currently willing to support for its own equity.
+0.30The buy-back authorisation is subject to approval at the Combined Shareholders' Meeting on 27 May 2026 and, if approved, will last for 18 months. — The conditional nature of the approval and the defined timeframe limit the immediate certainty of the capital return.
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The company is proposing a significant share buy-back programme and launching a global employee share ownership programme, which typically supports share price and indicates financial health.
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