Capgemini: launches fourth ESOP.
(CercleFinance.com) - Capgemini has announced the launch of a fourth ESOP (Employee Share Ownership Plan) and the strengthening of the share buyback program to neutralise the dilution for existing shareholders.
This ESOP plan will result in a capital increase reserved for IT services group's employees, covering a maximum of 3,600,000 shares, with a settlement-delivery of these shares by 18 December at the latest.
The board of directors has also decided to authorize a new envelope of share repurchases, amounting to up to 3,600,000 shares and 400 million euros, to cancel them in order to offset the dilutive effect of this capital increase.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
This ESOP plan will result in a capital increase reserved for IT services group's employees, covering a maximum of 3,600,000 shares, with a settlement-delivery of these shares by 18 December at the latest.
The board of directors has also decided to authorize a new envelope of share repurchases, amounting to up to 3,600,000 shares and 400 million euros, to cancel them in order to offset the dilutive effect of this capital increase.
Copyright (c) 2017 CercleFinance.com. All rights reserved.