Overview of Share Retirement#
Sopra Steria, a prominent company listed on the Euronext Paris, has recently retired 858,163 shares as part of a buyback program that concluded on January 28, 2025. This move is part of the company’s strategy to manage its share capital effectively.
Details of the Buyback Program#
The shares were repurchased between October 2, 2024, and January 28, 2025, at an average price of €174.792 each, amounting to a total expenditure of €150 million. The Board of Directors has decided to reduce the company's share capital by retiring these shares, which account for 4.18% of the total share capital.
Future Buyback Plans#
Looking ahead, Sopra Steria plans to initiate a new share buyback program worth up to €40 million in 2026. This plan will be subject to approval at the Annual General Meeting scheduled for May 20, 2026. The company has indicated that any shares bought back under this new program will also be retired, further reducing the number of shares in circulation.
Voting and Shareholder Dynamics#
Sopra GMT, a significant shareholder, intends to abstain from voting on the resolutions concerning the new buyback program. The company has highlighted that retiring shares from this program could push Sopra GMT’s voting rights beyond 30%, which may require them to seek an exception from regulatory obligations. Additionally, three Board members connected to Sopra GMT did not take part in the vote regarding the buyback plan and will also abstain from voting at the upcoming Annual General Meeting.
Sopra Steria employs around 51,000 people across nearly 30 countries and reported a revenue of €5.6 billion in 2025.