Capgemini: launches share buyback operation

(CercleFinance.com) - As part of its eleventh ESOP (Employee Share Ownership Plan), Capgemini has announced the launch of a share buyback operation to neutralize the shareholder dilution associated with this plan.


The proceeds of the ESOP plan (capital increase reserved for employees) will be allocated in advance to the buyback of existing shares, which will take place before 19 December, the date on which the capital increase will become effective.

By this date, employee shareholding will have been increased by a maximum of 2.7 million shares (representing 1.56% of existing capital), with no material impact on cash flow and no significant dilution of existing shareholders.

Capgemini signed a share buyback agreement with an investment services provider on 8 October. Under this agreement, Capgemini will buy back its own shares, up to a maximum of 2.7 million shares and E675m, for cancellation.


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