Société Générale Launches Its 2026 Employee Share Ownership Plan at €54.75 per Share
Société Générale announced on Wednesday the launch of a new global employee share ownership plan that allows eligible employees and retired former employees to subscribe to shares under preferential conditions. This initiative, the 33rd of its kind offered by the group, is part of its strategy to sustainably involve employees in the company's development.
A Collective Commitment Scheme Reserved for Group Employees
The 2026 Global Employee Share Ownership Plan (GESOP 2026) aims to actively and sustainably involve employees in the development of the group and in value sharing. The offer is open to employees with a minimum tenure of three months, as well as former employees who have left the company upon retirement and have retained holdings in the relevant savings plans.
The offer is divided into two tranches based on investment vehicles: one through a Corporate Mutual Fund (CMF) in France as part of Corporate or Group Savings Plans, and another subscribed directly by employees under the International Group Savings Plan.
Subscription Price and Participation Terms
The subscription price is set at €54.75 per share, determined by the arithmetic average of the 20 volume-weighted average prices on Euronext Paris prior to May 26, 2026, reduced by a 20% discount. The subscription period opens on June 1, 2026, at 10 a.m. (Paris time) and closes on June 15, 2026, at 11:59 p.m. The settlement-delivery of shares is scheduled for July 23, 2026, with an expected listing on July 29, 2026, on Euronext Paris.
In accordance with applicable legislation, the total amount of payments by a beneficiary cannot exceed 25% of their annual gross salary. The Board of Directors has also set an individual cap at €20,000. The shares will be locked for five years, except in cases of early release under the terms of the relevant savings plan.
