Agreement between Teleperformance Group Inc. and Goldman Sachs International

Rhea-AI Summary

Teleperformance Group Inc., a subsidiary of Teleperformance SE, announced a share purchase agreement with Goldman Sachs International on February 24, 2022. Under this agreement, Goldman Sachs will acquire 58,333 shares of Teleperformance SE on behalf of Teleperformance Group Inc., with a maximum purchase price not exceeding €380 per share. This move is part of a long-term incentive plan initially decided in June 2019. Teleperformance reported a consolidated revenue of €7,115 million and a net profit of €557 million in 2021, emphasizing its significant market presence.

Positive

• Agreement with Goldman Sachs for share purchase supports long-term incentive plan.
• Teleperformance reported a strong revenue of €7,115 million and net profit of €557 million in 2021.

Negative

• None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Teleperformance (Paris:TEP), the global leader in outsourced customer experience management, announced that Teleperformance Group Inc., the US subsidiary of Teleperformance SE, entered into an agreement with Goldman Sachs International, on February 24, 2022, in connection with the implementation of the long-term incentive plan decided in June 2019 by Teleperformance Group Inc.

Pursuant to the terms of this agreement, Goldman Sachs International, independent investment firm, will purchase, for and on behalf of Teleperformance Group Inc., a total of 58,333 shares of Teleperformance SE before May 13, 2022. The maximum purchase price per share shall not exceed €380.

ABOUT TELEPERFORMANCE GROUP

Teleperformance (TEP – ISIN: FR0000051807 – Reuters: TEPRF.PA - Bloomberg: TEP FP), the global leader in outsourced customer and citizen experience management and related services, serves as a strategic partner to the world’s largest companies in many industries. It offers a One Office support services model including end-to-end digital solutions, which guarantee successful customer interaction and optimized business processes, anchored in a unique, comprehensive high touch, high tech approach. Nearly 420,000 employees, based in 88 countries, support billions of connections every year in over 265 languages and over 170 markets, in a shared commitment to excellence as part of the “Simpler, Faster, Safer” process. This mission is supported by the use of reliable, flexible, intelligent technological solutions and compliance with the industry’s highest security and quality standards, based on Corporate Social Responsibility excellence. In 2021, Teleperformance reported consolidated revenue of €7,115 million (US$8.4 billion, based on €1 = $1.18) and net profit of €557 million.

Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, STOXX 600, S&P Europe 350 and MSCI Global Standard. In the area of corporate social responsibility, Teleperformance shares are included in the Euronext Vigeo Eurozone 120 index since 2015, the EURO STOXX 50 ESG index since 2020, the MSCI Europe ESG Leaders index since 2019 and the FTSE4Good index since 2018.

For more information: www.teleperformance.com Follow us on Twitter: @teleperformance

View source version on businesswire.com: https://www.businesswire.com/news/home/20220224005970/en/

Teleperformance Group Inc.

Source: Teleperformance Group Inc.

FAQ

What was the share purchase agreement Teleperformance entered into with Goldman Sachs?

Teleperformance Group Inc. agreed with Goldman Sachs International on February 24, 2022, for Goldman Sachs to purchase 58,333 shares of Teleperformance SE, with a maximum share price of €380.

What is the purpose of the agreement with Goldman Sachs for Teleperformance?

The agreement is part of the long-term incentive plan that was decided in June 2019 to benefit Teleperformance Group Inc.

What were Teleperformance's financial results for 2021?

In 2021, Teleperformance reported consolidated revenue of €7,115 million and a net profit of €557 million.

When will Goldman Sachs acquire the shares for Teleperformance?

Goldman Sachs is set to purchase the shares before May 13, 2022.