Societe Generale: Capital reduction by cancellation of treasury sharesSource: OMX
CAPITAL REDUCTION BY CANCELLATION OF TREASURY SHARES
Paris, 1st February 2023
Meeting on January 12, 2023, the Board of Directors, with the authorization of the Extraordinary General Meeting of May 17, 2022, decided to decrease, on February 1, 2023, the share capital of Societe Generale by cancellation of 41,674,813 ordinary shares repurchased from August 8 to December 15, 2022 included.
This capital reduction by shares cancellation is part of the Group's shareholder return policy.
The share capital of Societe Generale will amount to 1,010,261,206.25 euros, divided into 808,208,965 ordinary shares, each with an unchanged nominal value of 1.25 euros.
Information regarding total amount of voting rights and shares will be updated and available in the following section “Monthly reports on total amount of voting rights and shares”: https://investors.societegenerale.com/en/financial-and-non-financial-information/regulated-information
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Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.
Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 117,000 members of staff in 66 countries and supports on a daily basis 25 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:
- French Retail Banking with the SG bank, resulting from the merger of the two Societe Generale and Crédit du Nord networks, and Boursorama. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
- International Retail Banking, Insurance and Financial Services, with networks in Africa, Central and Eastern Europe and specialised businesses that are leaders in their markets;
- Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.
Societe Generale 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).
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