Societe Generale has announced the launch of a new share buy-back programme worth EUR 1 billion. The Board of Directors approved this additional capital distribution, which will be carried out for the purpose of cancelling the repurchased shares.
The bank stated, "Societe Generale announces today a new exceptional capital distribution in the form of an additional EUR 1 billion share buy-back programme." The statement also said, "The Board of Directors approved the launch of a new additional share buy-back programme, for cancellation purpose, of EUR 1 billion."
All necessary authorisations have been secured by Societe Generale, including approval from the European Central Bank (ECB). The company confirmed that the transactions would comply with Market Abuse Regulation (MAR), and that repurchases would begin no earlier than November 19, 2025.
According to information provided by Societe Generale, between November 19 and November 20, 2025, share buy-backs will be executed under the terms set forth in its previously published programme on May 17, 2024. This authorization allows purchases until November 22, 2025. From November 21, 2025 onward, any further buy-backs will fall under a new programme to be published on November 21 and authorized by a shareholder resolution from May 20, 2025. This newer authorisation is valid until November 20, 2026.