Societe Generale: success of the 2024 Global Employee Share Ownership Programme
July 25 2024 - 12:31PM
UK Regulatory
Societe Generale: success of the 2024 Global Employee Share
Ownership Programme
SUCCESS OF THE 2024 GLOBAL EMPLOYEE SHARE OWNERSHIP
PROGRAMME
Press release
Paris, 25 July 2024
Societe Generale announces successful completion
of its 2024 Global Employee Share Ownership Programme.
The capital increase, reserved for current and
retired employees under the framework of the Global Employee Share
Ownership Programme, has been completed.
Approximately 46,000 current and retired
employees in 35 countries have subscribed to the transaction.
The capital increase amounts to EUR
186,907,707.84, resulting in the issuance of 9,055,606 new
shares.
Following the completion today, the share
capital stands at EUR 1,015,044,435.00 and comprises 812,035,548
shares with a nominal value of EUR 1.25 per share.
The impact on the CET 1 ratio will be around 4
basis point and will be effective in the capital ratio at the end
of Q3 24.
Details related to the number of voting rights
and shares will be updated and available on the
Societe Generale website under the
section Monthly reports on total amount of voting
rights and shares.
Employee share ownership is a long-term
collective commitment mechanism regularly implemented within
Societe Generale to involve employees in the development of the
company and to enable them to benefit from long-term value
creation.
The 2024 programme was the 31st offered by the
Group.
Press contacts:
Jean-Baptiste Froville_+33 1 58 98 68 00_
jean-baptiste.froville@socgen.com
Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com
Societe Generale
Societe Generale is a top tier European Bank
with more than 126,000 employees serving about 25 million clients
in 65 countries across the world. We have been supporting the
development of our economies for 160 years, providing our
corporate, institutional, and individual clients with a wide array
of value-added advisory and financial solutions. Our long-lasting
and trusted relationships with the clients, our cutting-edge
expertise, our unique innovation, our ESG capabilities and leading
franchises are part of our DNA and serve our most essential
objective - to deliver sustainable value creation for all our
stakeholders.
The Group runs three complementary sets of businesses, embedding
ESG offerings for all its clients:
- French
Retail, Private Banking and Insurance, with leading retail
bank SG and insurance franchise, premium private banking services,
and the leading digital bank BoursoBank.
- Global
Banking and Investor Solutions, a top tier wholesale bank
offering tailored-made solutions with distinctive global leadership
in equity derivatives, structured finance and ESG.
-
International Retail, Mobility & Leasing
Services, comprising well-established universal banks
(in Czech Republic, Romania and several African countries), Ayvens
(the new ALD I LeasePlan brand), a global player in sustainable
mobility, as well as specialized financing activities.
Committed to building together with its clients
a better and sustainable future, Societe Generale aims to be a
leading partner in the environmental transition and sustainability
overall. The Group 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).
In case of doubt regarding the authenticity of
this press release, please go to the end of the Group News page on
societegenerale.com website where official Press Releases sent by
Societe Generale can be certified using blockchain technology. A
link will allow you to check the document’s legitimacy directly on
the web page.
For more information, you can follow us on
Twitter/X @societegenerale or visit our website
societegenerale.com.
- Societe-Generale-GESOP-2024
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