Capgemini Mandates a Financial Institution to Carry Out Part of Its Share Buyback Program
Pursuant to the announcement made on July 26, 2012, of its intention to buyback shares in order to neutralize all or part of the dilution resulting from the issue last September of new shares in the context of its international employee share ownership plan, Capgemini (Paris:CAP) has decided to mandate a financial institution to assist in the execution of part of these share buybacks.
In accordance with the decision of the Board of Directors of Cap Gemini SA held on July 25, 2012, taken by virtue of the authorization granted by the Combined Shareholders’ Meeting on May 24 2012, the company has concluded today a share purchase agreement with an authorized financial intermediary, whereby the financial intermediary undertakes to sell, and the company undertakes to acquire, a number of shares corresponding to a maximum amount of € 30 million over a period starting November 22, 2012 and ending no later than December 21, 2012.
The price of the shares purchased by the company will be calculated on the basis of the arithmetic average of the daily volume-weighted average price of Cap Gemini shares over the acquisition period1, after applying a discount. The maximum purchase price agreed does not exceed the limit authorized by the Combined Shareholders’ Meeting on May 24, 2012.
With more than 120,000 people in 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2011 global revenues of EUR 9.7 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.
Learn more about us at www.capgemini.com.
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1 Excluding trading days during which the contractually defined share price limit is exceeded