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Societe Generale: Termination of the liquidity contract and half-year statement
Globenewswire· 2025-07-02 16:23
TERMINATION OF THE LIQUIDITY CONTRACT AND HALF-YEAR STATEMENT Regulated Information Paris, 2 July 2025 Press release related to the termination of the liquidity contract and the half-year statement, which specifies the number of executed share transactions and the volume exchanged under the liquidity contract of Societe Generale. As the daily liquidity of Societe Generale shares has been satisfactory for several years, Societe Generale decided, as of 1 July 2025, to terminate the liquidity contract entrust ...
Societe Generale: shares & voting rights as of 31 May 2025
Globenewswire· 2025-06-10 15:42
Core Points - The total number of shares composing the current share capital as of 31 May 2025 is 800,316,777, with a total number of voting rights amounting to 887,657,909 [2][6] 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 been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [3] - Societe Generale emphasizes sustainable value creation for all stakeholders through its long-lasting client relationships and innovative solutions [3] Business Segments - The Group operates three complementary business sets, integrating ESG offerings for all clients [4] - Societe Generale aims to be a key partner in environmental transition and sustainability, being included in major socially responsible investment indices [4] - The bank's business segments include French Retail, Private Banking and Insurance, Global Banking and Investor Solutions, and Mobility, International Retail Banking and Financial Services [7]
Societe Generale: the Board of Directors launches a co-option procedure of a woman Director
Globenewswire· 2025-05-28 15:52
Group 1 - The Board of Directors of Societe Generale acknowledged the resignation of Mrs. Béatrice Cossa-Dumurgier as Director due to incompatibility with her new professional responsibilities [1][2] - A co-option procedure for a woman director has been launched in accordance with the French Commercial Code [2] - Mr. Lorenzo Bini Smaghi, Chairman of the Board, expressed gratitude to Mrs. Cossa-Dumurgier for her contributions to the Board [2] Group 2 - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [3] - The bank has been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [3] - The Group emphasizes sustainable value creation for all stakeholders through its long-lasting client relationships and innovative solutions [3] Group 3 - Societe Generale operates three complementary business segments, integrating ESG offerings for clients [4] - The Group aims to be a leading partner in environmental transition and sustainability, being included in major socially responsible investment indices [4]
Societe Generale_ Combined General Meeting and Board of Directors dated 20 May 2025
Globenewswire· 2025-05-20 19:38
COMBINED GENERAL MEETING AND BOARD OF DIRECTORS DATED 20 MAY 2025 Press release Paris, 20 May 2025 Combined General Meeting The General Meeting of shareholders of Societe Generale was held on 20 May 2025 at CNIT Forest, 2, Place de la Défense, 92092 Puteaux and was chaired by Mr. Lorenzo Bini Smaghi. Quorum was established at 64,34% (vs 55.61% in 2024): 687 shareholders participated by attending the General Meeting in person at the place where it was held on 20 May 2025;1,057 shareholders were represented ...
Societe Generale launches a new global employee share ownership programme
Globenewswire· 2025-05-20 06:07
Core Points - Societe Generale has launched a new global employee share ownership program, allowing eligible employees and retired former employees to subscribe for a capital increase on preferential terms [1][4] - The subscription period for the share offer is set from June 2 to June 16, 2025, with settlement and delivery of shares scheduled for July 24, 2025 [1][12] - This program is the 32nd offered by the Group, aimed at involving employees in the company's development and enabling them to benefit from long-term value creation [4] Subscription Details - The capital increase targets a maximum of 12,044,800 shares, with a total nominal amount of EUR 15,056,000 [5][8] - The subscription price is set at EUR 35.76, reflecting a 20% discount based on the average market price [8][10] - The subscription will be available through employee mutual funds in France and directly via registered shares outside France [8][12] Eligibility and Limits - Eligible participants include employees with at least three months of seniority and retired former employees who have retained assets in the Company or Group Savings Plans [10] - The total amount of payments made by beneficiaries cannot exceed 25% of their gross annual remuneration or EUR 20,000 [10][12] - The program includes two tranches: one for employees under Company or Group Savings Plans and another for those under the International Group Savings Plan [9][13] Rights and Marketability - New shares will bear dividend rights as of January 1, 2025, and will be fully assimilated with existing shares [14] - Shares will be subject to a five-year unavailability period, with specific conditions for early release depending on local legislation [14][12] - The new shares will be listed on Euronext Paris, with the listing expected around July 29, 2025 [12][14]
Societe Generale: shares & voting rights as of 30 April 2025
Globenewswire· 2025-05-07 15:48
NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 30 APRIL 2025 Regulated Information Paris, 7 May 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 rights30 April 2025800,316,777Gross: 888,385,614 Press contacts: Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste ...
Societe Generale: Availability of the first amendment to 2025 Universal Registration Document
Globenewswire· 2025-04-30 17:33
AVAILABILITY OF THE FIRST AMENDMENT TO 2025 UNIVERSAL REGISTRATION DOCUMENT Regulated Information Paris, 30 April 2025 Societe Generale hereby informs the public that the first amendment to the 2025 Universal Registration Document filed on 12th March 2025 under number D.25-0088, has been filed with the French Financial Markets Authority (AMF) on 30th April 2025 under number D-25-0088-A01. This document is made available to the public, free of charge, in accordance with the conditions provided for by the reg ...
Societe Generale: First quarter 2025 earnings
Globenewswire· 2025-04-30 04:25
Core Insights - The company reported strong quarterly results for Q1 2025, with revenues of EUR 7.1 billion, representing a 6.6% increase compared to Q1 2024, and a 10.2% increase when excluding asset disposals, exceeding the annual target of more than 3% growth [1][5] - Group net income reached EUR 1,608 million, a 2.4 times increase compared to Q1 2024, with a Return on Tangible Equity (ROTE) of 11.0%, surpassing the 2025 target of more than 8% [2][14] - The company maintained a solid capital and liquidity profile, with a Common Equity Tier 1 (CET1) ratio of 13.4%, significantly above regulatory requirements, and a Liquidity Coverage Ratio (LCR) of 140% [2][17] Group Consolidated Results - Net banking income for Q1 2025 was EUR 7,083 million, up 6.6% from Q1 2024, while operating expenses decreased by 7.6% to EUR 4,604 million [4][10] - The cost-to-income ratio improved to 65.0% in Q1 2025, down from 74.9% in Q1 2024, and below the target of less than 66% for 2025 [11][4] - The net cost of risk was EUR 344 million, representing a decrease of 13.9% compared to Q1 2024 [4][11] Business Performance French Retail, Private Banking and Insurance - Revenues increased by 14.1% to EUR 2.3 billion, with net interest income rising sharply by 28.4% [6][21] - Operating expenses decreased by 9.4% to EUR 1,566 million, leading to a significant improvement in gross operating income [21][29] - Group net income from this segment reached EUR 421 million, a 13.4 times increase compared to Q1 2024 [21][67] Global Banking and Investor Solutions - Revenues grew by 10.0% to EUR 2.9 billion, driven by strong performance in equities and financing and advisory services [7][34] - The Equities business achieved a record revenue of EUR 1,061 million, up 21.8% compared to Q1 2024 [35] - Group net income for this segment was EUR 856 million, a 22.8% increase from Q1 2024 [42][67] Mobility, International Retail Banking and Financial Services - Revenues decreased by 7.4% to EUR 2.0 billion, primarily due to asset disposals, but showed a slight increase of 0.8% when excluding these impacts [8][44] - Operating expenses were reduced by 12.6% to EUR 1,180 million, improving the cost-to-income ratio to 59.0% [52][44] - Group net income for this segment rose by 14.5% to EUR 319 million [55][67] Corporate Centre - The Corporate Centre recorded net banking income of EUR -112 million, an improvement from EUR -162 million in Q1 2024 [56][67] - Group net income from the Corporate Centre was EUR 12 million, compared to a loss of EUR 327 million in Q1 2024 [60][67] Financial Structure - As of March 31, 2025, the CET1 ratio stood at 13.4%, approximately 320 basis points above the regulatory requirement [17][18] - The total consolidated balance sheet amounted to EUR 1,554 billion, with total shareholders' equity of EUR 71 billion [18][69] - The company issued EUR 10.0 billion in medium/long-term debt under its 2025 financing program [18][19]
Societe Generale: Availability or consultation of the information relating to the combined General Meeting of Shareholders dated 20 May 2025
Globenewswire· 2025-04-15 16:14
AVAILABILITY OR CONSULTATION OF THE INFORMATION RELATING TO THE COMBINED GENERAL MEETING OF SHAREHOLDERS DATED 20 MAY 2025 Press releaseParis, 15 April 2025The Combined General Meeting of shareholders will be held on 20 May 2025, at 4 pm, at CNIT Forest, 2, Place de la Défense, 92092 Puteaux, France.The notice of meeting and the convening notice relating to this Meeting were respectively published in the Bulletins des Annonces Légales Obligatoires (BALO) dated 12 March and 14 April 2025.These notices, the c ...
William Connelly, future Societe Generale chairman of the board of directors, starting May 2026
Globenewswire· 2025-04-10 17:00
WILLIAM CONNELLY, FUTURE SOCIETE GENERALE CHAIRMAN OF THE BOARD OF DIRECTORS, STARTING MAY 2026 Press releaseParis, 10 April 2025 During its session on 10 April 2025, the Societe Generale Board of Directors selected William Connelly for the Chairmanship as of the General Meeting which will be held on 27 May 2026, subject to his renewal as a Director by the General Meeting on 20 May 2025. He will succeed Lorenzo Bini Smaghi, who has been Chairman since 2015, and will have completed his third term. This deci ...