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Societe Generale: Termination of the liquidity contract and half-year statement
Globenewswire·2025-07-02 16:23

Core Points - Societe Generale has decided to terminate its liquidity contract with Rothschild Martin Maurel effective July 1, 2025, due to satisfactory daily liquidity of its shares over the past years [1][2] - The liquidity contract was in place since 2011 and was temporarily suspended from February 10 to April 9, 2025, during a share buyback period [2][3] Transaction Summary - From January 1 to June 30, 2025, the liquidity account recorded a total of 6,265 purchase transactions and 6,753 sale transactions, with a total quantity of 1,986,439 shares purchased and sold [7] - The total amount exchanged during this period was approximately €80.29 million for purchases and €80.36 million for sales [7] - Specific daily transaction data shows fluctuations in the number of transactions and amounts, with notable transactions on various dates throughout January to June 2025 [3][6][7] Financial Overview - As of December 31, 2024, the liquidity account had a balance of approximately €5.43 million, reduced from €170 million at the signing of the liquidity account in 2011 [4] - The liquidity account was amended in December 2018, reducing resources to €5 million [4] Company Profile - Societe Generale is a leading European bank with around 119,000 employees serving over 26 million clients in 62 countries [8] - The bank has a long history of providing a wide array of financial solutions and is committed to sustainable value creation for stakeholders [8][9]