Teleperformance SE: Share Buyback Mandate

Rhea-AI Summary

Teleperformance SE has granted Kepler Cheuvreux a share buyback mandate as part of its ongoing buyback program, initially announced on November 10, 2022. This aligns with the terms set during the Shareholders' Meeting on April 14, 2022 and complies with European regulatory standards. Teleperformance aims to enhance shareholder value through this initiative, building on a solid financial backdrop with a reported consolidated revenue of €7,115 million and a net profit of €557 million in 2021.

Positive

• Initiation of share buyback program to enhance shareholder value.
• Strong financial performance with €7,115 million in revenue and €557 million net profit in 2021.

Negative

• None.

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

Teleperformance SE (Paris:TEP) announced that it has granted Kepler Cheuvreux with a share buyback mandate in the context of the share buyback program announced on November 10, 2022. The agreement is concluded in accordance with the terms of the share buyback program approved by the Shareholders' Meeting of April 14, 2022 and the provisions of Article 5 of European Regulation n°596/2014.

The description of the share buyback program is included in the Universal Registration Document for 2021 filed with the Autorité des marchés financiers on February 28, 2022 (no. D22-0059).

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 digital 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 around 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, MSCI Global Standard and Euronext Tech Leaders. In the area of corporate social responsibility, Teleperformance shares are included in the Euronext Vigeo Euro 120 index since 2015, the EURO STOXX 50 ESG index since 2020, the MSCI Europe ESG Leaders index since 2019, the FTSE4Good index since 2018 and the S&P Global 1200 ESG index since 2017.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20221116005453/en/

Teleperformance SE

Source: Teleperformance SE

FAQ

What is the significance of Teleperformance's share buyback mandate with Kepler Cheuvreux?

The share buyback mandate aims to enhance shareholder value by reducing the number of outstanding shares, which can improve earnings per share (EPS).

When was Teleperformance's share buyback program initially announced?

The share buyback program was announced on November 10, 2022.

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.

How does the buyback program comply with regulations?

The buyback program complies with the terms approved at the Shareholders' Meeting on April 14, 2022, and adheres to European Regulation n°596/2014.

What is the impact of the buyback program on Teleperformance's stock price?

The buyback program is expected to positively influence Teleperformance's stock price by increasing demand and potentially improving EPS.