Societe Generale Completes Share Buyback Program

Societe Generale SA, a French financial institution, has completed its share buyback program, which aimed to cancel shares worth 872 million euros. The program’s objective was to reduce the company’s outstanding share count and potentially increase its stock price.

Share Buyback Program Details

• The share buyback program aimed to cancel shares worth 872 million euros.
• The program’s completion is expected to have a positive impact on the company’s stock price.

New Leadership Appointment

The company has nominated William Connelly as its future chairman, who will succeed Lorenzo Bini Smaghi after his third term ends. This change is expected to bring new leadership and potentially new strategies for the company.

Key Dates

• The share buyback program has been completed.
• William Connelly will succeed Lorenzo Bini Smaghi as chairman after his third term ends.

Stock Price Performance

The company’s stock price has been increasing over the past year, with the current price being higher than the initial investment made a year ago.