Report
Expert Corporate Governance Service (ECGS)
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Teleperformance - AGM 1st October 2019

The General Meeting of shareholders held on May 9, 2019 has authorized the Board of Directors to have the Company repurchase its own shares for a maximum purchase price of €180 per share. The Teleperformance SE share price having reached €180 several times and currently amounts to around €200. It was thus decided to submit a new authorization, under similar terms and conditions to the one approved by the General Meeting held on May 9, 2019, but for a maximum purchase price brought to €250 per share. Considering these features, we recommend approval.

Underlying
Teleperformance SE

Teleperformance is engaged in outsourced customer experience management. Co. delivers integrated solutions to corporations and administrative bodies worldwide to manage all aspects of the customer-relations cycle on their behalf. Co.'s activities include four core business areas: customer care (these are services provided as part of customer service management); technical support; debt collection; and business information and marketing actions. As of Dec. 31, 2013, Co. had approximately 110,000 computerized workstations across 46 countries. Co.'s client includes industries like Telecoms, Internet, Financial services, Technology/media, Insurance, Government sector and Utilities.

Provider
Proxinvest
Proxinvest

Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

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Analysts
Expert Corporate Governance Service (ECGS)

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