Societe Generale Reduces Capital via Cancellation of 7.3 Million Treasury Shares

Key Facts

1Societe Generale's Board of Directors decided to cancel 7,329,781 treasury shares previously bought back.

2The company's share capital now stands at EUR 930,492,767.50, divided into 744,394,214 ordinary shares.

Societe Generale's Board of Directors has formalized a capital reduction by cancelling 7,329,781 treasury shares previously acquired through buyback programs. This move follows the authorization granted during the 2024 Extraordinary General Meeting as part of the bank's broader capital management strategy. Following the cancellation, the company's share capital is now positioned at EUR 930,492,767.50, represented by 744,394,214 ordinary shares. Such cancellations are typically designed to boost earnings per share (EPS) by reducing the total supply of outstanding stock. This action underscores management's commitment to returning value to shareholders and optimizing the bank's capital structure. Market participants view these measures as a constructive signal regarding the financial health and stability of the French lender.