PARIS–(BUSINESS WIRE)–Regulatory News:
Sopra Steria (Paris:SOP), a major player in the European tech sector, confident in its outlook and its ability to create value over the long term, has announced the launch of a €150 million share buyback programme.
Sopra Steria has entrusted an investment services provider with carrying out the €150 million share buyback from 2 October 2024 to 20 May 2025.
The shares bought back under this programme will be retired.
The decision to launch this share buyback programme follows Sopra Steria’s process of refocusing its activities on digital services and solutions, which included the sale of Sopra Banking Software activities. Since the end of H1 2024, Sopra Steria has received a total of €410.5 million arising from this transaction.
The amount allocated to the announced share buyback programme will enable the Group to retain financial flexibility for targeted acquisitions.
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Thursday, 31 October 2024: Q3 2024 revenue
About Sopra Steria
Sopra Steria, a major player in the European tech sector with over 56,000 employees, provides consulting, digital services, and software development to drive digital transformation and sustainable benefits for clients.
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