Societe Generale: Description of the Share Repurchase Program subject to approval at the Ordinary General Meeting of Shareholders on May 17, 2022

Explanation of shared repurchase program Subject to general meeting approval mixture of 17 17 May 20twenty two

Regulatory information

Paris, May 10, 2022

This description is made in accordance with the provisions of Sections 241-1 and 241-2I of the General Rules of Autorité des Marchés Financiers.

1. Date of the General Assembly convened to approve the share repurchase program

Approval for the purchase of our shares will be proposed at the Ordinary General Meeting of Shareholders on May 17, 2022.

2. Breakdown of titles by purpose capital prisoner

As of May 9, 2022, midnight (Paris time), the allocation of shares directly held by the Company is as follows.

Cancel 0
Assignment to employees and executive officers 6,079,543
Exercise of rights associated with securities 0
External growth 0
Liquidity contract 19,750

3. Purpose of the repurchase program

Societe Generale will renew its share buyback approval for the following purposes:

  • Allocate free share allocation plans, employee savings schemes, and other forms of allocation for the benefit of employees and executive officers of the Company or its affiliates, subject to the conditions defined in the applicable statutory provisions. , Cover and respect.
  • Cancel them according to the terms of approval of that 24 this conferenceèmWhen Resolution;
  • Delivering shares by exercising the rights associated with securities that provide access to the Company’s capital.
  • Holding shares in the context of the Group’s external growth business and then remittance in exchange for payment or shares.
  • To allow investment service providers to trade our shares under liquidity agreements in accordance with the regulations of Autorité des Marchés Financiers.

4. Maximum amount allocated to the stock repurchase program, maximum number and characteristics of securities, maximum purchase price

A resolution proposed to the General Assembly provides that Societe Generale may acquire common stock in an amount of up to 10% of the capital on the completion date of these purchases, and in accordance with the law, any shares held after these redemptions may be held at any time. It cannot exceed 10% of stock capital.

Based on our current capital, we may acquire up to 83,712,443 theoretical shares, equivalent to 10% of our equity capital, within the framework of a repurchase program seeking approval at a shareholders’ meeting.

The maximum purchase price is set at € 75 per share. That is, the maximum potential amount that can be allocated to the program is € 6,278,433,240. It is stated that this maximum is likely to change if the transaction affects equity capital.

5. Period of repurchase program

At the Ordinary General Meeting of Shareholders on May 17, 2022, it is proposed that the purchase approval period for the Company’s treasury stock be set to 18 months from the date of the General Meeting of Shareholders.

6.. Health requirements

The Board of Directors ensures that these redemptions are carried out in accordance with the soundness requirements set by the rules.

Therefore, Societe Generale will repurchase shares of approximately € 915 million with the approval of the European Central Bank as part of its shareholder distribution policy for fiscal year 2021.

Press contact:

Jean-Baptiste Froville_ + 33 1 58 98 68 00_ [email protected]

Societe Generale

Societe Generale is one of Europe’s leading financial services groups. The group, which relies on diverse and integrated models, combines financial strength, dynamic innovation, and sustainable and responsible growth strategies. Societe Generale is committed to positive social and economic transformation and works daily with our team to build a better and sustainable future with our clients by providing responsible and innovative financial solutions.

Societe Generale has been a major player in the real economy for over 150 years, building a solid foothold in Europe and connecting with other parts of the world. Societe Generale employs more than 133,000 people in 61 countries and supports 30 million individual clients, businesses and institutional investors. every day. Around the world, by providing a wide range of advice and bespoke financial solutions based on three complementary business lines:

  • the Societe Generale Brand French Retail Banking, Crédit du Nord and Boursorama offer all kinds of financial services with an omni-channel system at the forefront of digital innovation.
  • the International retail banking, insurance, financial services To companies with networks in Africa, Russia, Central and Eastern Europe, and professional companies that are leaders in their markets.
  • the Global banking and investor solutions, It has recognized expertise, key international status and integrated solutions.

Societe Generale is included in the major sustainable development indicators: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone) ), STOXX Global ESG Leader Index and MSCI Low Carbon Leader Index (World and Europe).

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  • Societe Generale_Share Repurchase Program Description


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