Capgemini: launches share buyback program
(CercleFinance.com) - As part of its tenth Employee Share Ownership Plan (ESOP), Capgemini announces the launch of a share buyback operation to offset the shareholder dilution associated with this plan.
This operation will take place by 19 December. On this date, the IT services group's employee shareholding will be increased by a maximum of 3.2 million shares (representing 1.84% of the existing share capital).
To this end, on 12 October Capgemini signed a share buyback agreement with an investment services provider and undertook to buy back its own shares, up to a maximum of 3.2 million shares and E640m, with a view to their cancellation.
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This operation will take place by 19 December. On this date, the IT services group's employee shareholding will be increased by a maximum of 3.2 million shares (representing 1.84% of the existing share capital).
To this end, on 12 October Capgemini signed a share buyback agreement with an investment services provider and undertook to buy back its own shares, up to a maximum of 3.2 million shares and E640m, with a view to their cancellation.
Copyright (c) 2023 CercleFinance.com. All rights reserved.