Capgemini Initiates Share Buyback to Offset Dilution from ESOP
Capgemini has announced the launch of a share buyback as part of its twelfth employee stock ownership plan (ESOP) to neutralize shareholder dilution.
Share Buyback Agreement
Capgemini SE has entered into a share buyback agreement with an investment services provider on October 7, 2025. Aimed at neutralizing shareholder dilution resulting from a capital increase reserved for employees, the buyback involves a limit of 2.7 million shares at a maximum price of 250 euros per share. Authorized by the General Meeting of Shareholders on May 7, 2025, this operation is part of a multi-year envelope of 2 billion euros announced in July 2025.
Details of the ESOP
As part of this twelfth ESOP, Capgemini aims to increase employee share ownership without significant impact on cash reserves. The plan involves a capital increase reserved for employees, the proceeds of which are anticipated to be used to buy back existing shares. The capital increase, which will involve a maximum of 2.7 million shares representing 1.58% of the share capital, is set to take effect by December 18, 2025.
Strategy to Prevent Significant Dilution
The share buyback strategy is implemented to prevent significant dilution of the stakes of existing shareholders. This employee share ownership plan will not result in major consequences for Capgemini's cash reserves. The initiative falls within the authorizations already granted by shareholders and is structured by a financial institution involved in the share ownership plan.
