Crédit Agricole S.A. Completes Share Repurchase Program Successfully
 
Completion of Crédit Agricole S.A.’s Share Buyback Initiative
Crédit Agricole S.A. has officially concluded its recent share buyback program, which began on October 1 and was completed on October 30. This strategic move was essential for managing the bank's equity structure and protecting shareholder interests.
Details of the Share Repurchase Program
Throughout the duration of the program, Crédit Agricole S.A. successfully repurchased a total of 22,886,191 shares. The transaction was conducted through an independent investment services provider and carried a total purchase price of approximately 374 million euros. With the completion of this program, the shares that were repurchased will be canceled, preventing dilution and reinforcing overall shareholder value.
Objectives Behind the Program
The primary aim of this share repurchase was to mitigate the dilutive effects associated with the capital increase that was reserved for employees. This capital management approach reflects the ongoing commitment of Crédit Agricole S.A. to maintain a balanced capital structure while delivering value to its shareholders.
Impact on Financial Metrics
This repurchase has had a minor impact on Crédit Agricole S.A.'s Common Equity Tier 1 (CET1) ratio, contributing a decrease of 9 basis points. In parallel, the effect on the broader Crédit Agricole Group's CET1 ratio was a reduction of 6 basis points. These figures underline the company's proactive efforts in managing its capital adequacy effectively.
Liquidity Agreement Resumption
During the execution of the share buyback, the liquidity agreement previously established with Kepler Cheuvreux was temporarily paused. With the completion of the repurchase program, activities under this liquidity agreement will now resume, further stabilizing the operational dynamics of Crédit Agricole S.A.
Contact Information for Media Inquiries
For additional details regarding the share repurchase program, media representatives can reach out to:
Alexandre Barat: 06 19 73 60 28 – alexandre.barat@credit-agricole-sa.fr
Olivier Tassain: 06 75 90 26 66 – olivier.tassain@credit-agricole-sa.fr
For more updates and press releases, visit https://www.credit-agricole.com/en
Frequently Asked Questions
What was the purpose of the share repurchase program?
The main aim was to mitigate the dilutive effects of a capital increase reserved for employees and to increase shareholder value.
How many shares were repurchased by Crédit Agricole S.A.?
A total of 22,886,191 shares were repurchased during the buyback program.
What was the financial impact of the share buyback?
The repurchase decreased Crédit Agricole S.A.'s CET1 ratio by 9 basis points and the group’s by 6 basis points.
When will normal operations resume for Crédit Agricole S.A.?
Operations related to the liquidity agreement with Kepler Cheuvreux will resume following the completion of the share repurchase program.
Who can I contact for more information about the program?
Media inquiries can be directed to Alexandre Barat or Olivier Tassain via the provided contact details.
About The Author
Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
