European Firms Announce Share Buyback Programs

Ontex, a Belgian company, has initiated a share buyback program to repurchase a maximum of 1.5 million shares over a seven-month period, with 35,962 shares acquired in the week ending December 13, 2024, bringing its total treasury shares to 1,197,168, or 1.45% of issued shares. Societe Generale reported its total number of voting rights and shares as of November 30, 2024, highlighting its commitment to sustainable value creation in the financial sector. VINCI SA disclosed its treasury share purchases conducted from December 9 to December 13, 2024, in compliance with regulations. Meanwhile, ISS A/S has been executing a share buyback program aimed at redistributing excess cash to shareholders and reducing share capital, with a total of 8,946,765 treasury shares acquired, equating to 4.82% of its total share capital. The collective activities reflect ongoing trends in European companies focusing on share buybacks as a strategy to enhance shareholder value and manage capital effectively.