Societe Generale Takes a Strategic Step with Share Buyback Program
In a move aimed at bolstering its financial position, Societe Generale has launched a share buyback program. The program, which kicked off on February 10, 2025, is a strategic initiative designed to cancel shares and strengthen the bank’s capital base.
The program was announced on February 6, 2025, and marks a significant step in Societe Generale’s efforts to optimize its capital structure. To ensure compliance with regulatory requirements, the bank has obtained necessary authorizations from supervisory authorities.
The share buyback program is governed by predetermined conditions, including a maximum price set by the General Meeting in May 2024. This price cap will serve as a benchmark for the buybacks, ensuring that the program is executed in a responsible and controlled manner.
By canceling shares, Societe Generale aims to enhance its financial flexibility and position itself for future growth opportunities. The share buyback program is a key component of the bank’s broader strategy to manage its capital and drive long-term success.
Key Program Details
- Program start date: February 10, 2025
- Maximum price: Set by the General Meeting in May 2024
- Regulatory approvals: Obtained from supervisory authorities