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Societe Generale: New description of the share buy-back programme and report on the purchases performed
Globenewswireยท 2025-11-21 06:58
Core Viewpoint - Societe Generale has initiated a EUR 1 billion share buy-back program aimed at cancellation, starting from November 19, 2025, and has completed 6.1% of the program as of November 20, 2025, representing 0.1% of its share capital [1][2]. Summary by Sections Share Buy-Back Program Overview - The share buy-back program is authorized by the Combined General Meeting dated May 20, 2025, allowing Societe Generale to repurchase its own shares [4][5]. - The maximum amount allocated for the buy-back program is EUR 5,751,710,850, with a maximum purchase price set at EUR 75 per share [6]. Execution Details - As of November 20, 2025, Societe Generale directly owns 2,407,225 ordinary shares, which is 0.3% of its share capital, and can acquire an additional 74,282,253 shares, representing 9.7% of its share capital [8]. - The buy-back program is set to last for 18 months, concluding on November 20, 2026 [9]. Purchases Performed - From November 19 to 20, 2025, Societe Generale repurchased a total of 1,056,447 shares at an average price of EUR 57.2674 [12][13]. - The buy-backs were executed on various trading platforms, including Euronext Paris, in compliance with the Market Abuse Regulation [11][12]. Compliance and Prudential Requirements - The execution of the buy-backs will adhere to prudential requirements as defined by regulations and the European Central Bank [10].
Societe Generale: New additional share buy-back programme of EUR 1 billion
Globenewswireยท 2025-11-17 07:00
NEW ADDITIONAL SHARE BUY-BACK OF EUR 1 BILLION Regulated Information Paris, 17 November 2025, 8:00 a.m. Societe Generale announces today a new exceptional capital distribution in the form of an additional EUR 1 billion share buy-back programme. The Board of Directors approved the launch of a new additional share buy-back programme, for cancellation purpose, of EUR 1 billion. Societe Generale obtained all necessary authorisations1, including from the ECB. These acquisitions of shares will be executed in comp ...
Societe Generale: shares and voting rights as of 6 November 2025
Globenewswireยท 2025-11-14 16:41
NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 6 NOVEMBER 2025Regulated Information Paris, 14 November 2025 Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations. DateNumber of shares composing current share capitalTotal number ofvoting rights6 November 2025766,894,786 Gross: 853,534,087 Press contacts: Jean-Baptiste Froville_+33 1 58 98 68 00_ jea ...
Societe Generale: shares and voting rights as of 31 October 2025
Globenewswireยท 2025-11-10 16:36
Core Points - The total number of shares composing the current share capital as of 31 October 2025 is 785,180,327 shares, with a total number of voting rights amounting to 871,835,226 [2][6] Group 1: Company Overview - Societe Generale is a top-tier European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [3] - The company has been supporting economic development for 160 years, providing a wide array of advisory and financial solutions [3] - Societe Generale emphasizes sustainable value creation for all stakeholders through its long-lasting client relationships and innovative capabilities [3][4] Group 2: Business Segments - The Group operates three complementary business sets, integrating ESG offerings for all clients [4] - Societe Generale aims to be a leading partner in environmental transition and sustainability, being included in major socially responsible investment indices [4] - The company has a diverse range of services, including retail banking, private banking, insurance, and global banking solutions [7]
Societe Generale: Capital reduction by cancellation of treasury shares
Globenewswireยท 2025-11-06 17:01
Capital Reduction - Societe Generale's Board of Directors decided to reduce share capital by cancelling 18,285,541 treasury shares, effective 6 November 2025, following authorization from the Extraordinary General Meeting on 22 May 2024 [1] - The treasury shares were repurchased between 4 August and 14 October 2025 for a total amount of EUR 1 billion [1] Current Share Capital - The current share capital of Societe Generale is EUR 958,618,482.50, divided into 766,894,786 ordinary shares with a nominal value of EUR 1.25 each [2] Company Overview - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [3] - The bank has a long history of 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [3] Business Segments - The Group operates three complementary business sets, focusing on ESG offerings to support clients in building a sustainable future [4] - Societe Generale is recognized in major socially responsible investment indices, including DJSI, FTSE4Good, and MSCI Low Carbon Leaders Index [4] Additional Information - For verification of press release authenticity, Societe Generale utilizes blockchain technology [5]
Global Engine Group Holding Limited Receives Nasdaq Minimum Bid Price Deficiency Notice
Globenewswireยท 2025-10-31 20:20
Core Points - Global Engine Group Holding Limited has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement of $1 per share [1][2] - The company has 180 calendar days until April 27, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days [3] - The notice does not immediately affect the trading of the company's shares, which will continue to be listed under the symbol "GLE" [4] Company Overview - Global Engine Group Holding Limited is an integrated solutions provider in information communication technologies (ICT) based in Hong Kong [5] - The company offers ICT solution services, technical services, and project management services targeting small to medium-sized telecom operators, data center providers, and IoT solutions providers [5]
Global Engine Group Holding Limited Receives Nasdaq Minimum Bid Price Deficiency Notice
Globenewswireยท 2025-10-31 20:20
Core Points - Global Engine Group Holding Limited has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1 per share [1][2] - The company has 180 calendar days until April 27, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days [3] - The notice does not immediately affect the trading of the company's shares, which will continue to be listed under the symbol "GLE" [4] Company Overview - Global Engine Group Holding Limited is an integrated solutions provider in information communication technologies (ICT) based in Hong Kong [5] - The company offers ICT solution services, technical services, and project management services targeting small to medium-sized telecom operators, data center providers, and IoT solutions providers [5]
Societe Generale: Disclosure of regulatory capital requirements effective from 1 January 2026
Globenewswireยท 2025-10-30 18:44
Regulatory Capital Requirements - The European Central Bank has set the Pillar 2 Requirement (P2R) for Societe Generale Group at 2.36%, with a minimum of 1.38% in CET1, effective from 1 January 2026 [1] - The combined regulatory buffers will establish minimum requirements of 10.26% for the CET1 ratio, 12.19% for the Tier 1 ratio, and 14.74% for the Total Capital ratio starting 1 January 2026 [2] - The Leverage Ratio P2R requirement is set at 0.1%, leading to a minimum leverage ratio requirement of 3.6% [2] Current Financial Position - As of 30 September 2025, Societe Generale Group's CET1 ratio is at 13.7%, providing a buffer of approximately 340 basis points above regulatory requirements [3] - The Group's leverage ratio is reported at 4.35%, significantly exceeding the required 3.6% [3] Company Overview - Societe Generale is a leading European bank with around 119,000 employees serving over 26 million clients in 62 countries [4] - The Group operates three complementary business segments, focusing on ESG offerings and sustainability [5] - Societe Generale is included in major socially responsible investment indices, highlighting its commitment to environmental and social governance [5]
Societe Generale: Availability of the third amendment to the 2025 Universal Registration Document
Globenewswireยท 2025-10-30 16:58
Core Points - Societe Generale has filed the third amendment to the 2025 Universal Registration Document with the French Financial Markets Authority on 30 October 2025 [1] - The document is available to the public free of charge and can be accessed on Societe Generale's website and the AMF's website [2] Company Overview - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [2] - The bank has been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [2] Business Segments - The Group operates three complementary business sets, integrating ESG offerings for all clients [3] - Societe Generale aims to be a key partner in environmental transition and sustainability, being included in major socially responsible investment indices [3] Contact Information - Press contacts include Jean-Baptiste Froville and Fanny Rouby, with provided contact details for inquiries [2]
Societe Generale: Third quarter 2025 earnings
Globenewswireยท 2025-10-30 05:25
Core Insights - The company reported a strong performance for the first nine months of 2025, achieving a net income of EUR 4.6 billion, which is a 45% increase compared to the same period in 2024, and a Return on Tangible Equity (ROTE) of 10.5%, exceeding the annual target of approximately 9% [2][5][16] Financial Performance - Group revenues reached EUR 20.5 billion in the first nine months of 2025, up 6.7% compared to the same period in 2024, surpassing the annual target of 3% [5] - The cost-to-income ratio improved significantly to 63.3% in the first nine months of 2025, down from 68.8% in the same period of 2024, and below the 2025 target of less than 65% [5][12] - Operating expenses decreased by 6.4% in the first nine months of 2025 compared to the same period in 2024, reflecting effective cost control measures [12][11] Revenue Breakdown - French Retail, Private Banking, and Insurance revenues increased by 0.9% in Q3 2025 compared to Q3 2024, with net interest income growing by 4.7% [8][25] - Global Banking and Investor Solutions reported revenues of EUR 2.5 billion in Q3 2025, up 1.6% from Q3 2024, with strong performance in fixed income and currencies [9][37] - Mobility, International Retail Banking, and Financial Services saw revenues decline by 6.2% in Q3 2025 compared to Q3 2024, but increased by 8.7% when excluding asset disposals [10][49] Cost of Risk - The cost of risk for the first nine months of 2025 was 25 basis points, aligning with the annual target of 25 to 30 basis points [5][13] - The gross non-performing loan ratio remained stable at 2.77% as of September 30, 2025, indicating effective risk management [14] Capital and Liquidity - The Common Equity Tier 1 (CET1) ratio stood at 13.7% at the end of Q3 2025, significantly above the regulatory requirement [5][21] - The Liquidity Coverage Ratio (LCR) was reported at 147% at the end of September 2025, well above the regulatory minimum [20] Strategic Initiatives - The company is actively pursuing sustainable finance, having achieved approximately 25% of its EUR 500 billion target by mid-2025 [17] - A new program focusing on water-related financing has been launched to support clients in their transition to sustainable practices [18]