Credit Agricole Sa: Crédit Agricole S.A. announces the reduction of its share capital through the cancellation of treasury shares purchased under a share repurchase program
Core Points - Crédit Agricole S.A. announced a reduction in its share capital through the cancellation of 15,128,677 treasury shares, which represents approximately 0.5% of the total share capital [1][2] - The capital reduction will be effective from January 13, 2025, following a share repurchase program conducted between October 1, 2024, and November 6, 2024, aimed at offsetting the dilutive effect of a capital increase reserved for employees [2][3] - Post-cancellation, Crédit Agricole S.A.'s share capital will amount to 9,077,707,050 euros, consisting of 3,025,902,350 shares, including 1,053,639 treasury shares held under a liquidity agreement [3]