Sodexo reduces capital by cancelling treasury stock
Paris, June 20, 2017 - Sodexo announces that the Board of Directors, at its meeting on June 14, 2017, decided to cancel 2,910,690 treasury shares, representing 1.89 percent of Company's shares. This cancellation is related to the Group's share buy-back program, pursuant to authorizations granted in the 11th resolution of the January 26, 2016 shareholders meeting and the 15th resolution of the January 24, 2017 shareholders meeting.
Following this cancelation, Sodexo holds 2,275,510 treasury shares representing 1.51 percent of the reduced share capital.
Sodexo's share capital now amounts to €603,321,796, or 150,830,449 shares, at a par value of €4.
Bellon SA, Sodexo's controlling shareholder, currently holds 60,900,485 shares representing 40.38 percent of the share capital and 54.92 percent of voting rights.
Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 80 countries, Sodexo serves 75 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from foodservices, reception, maintenance and cleaning, to facilities and equipment management; from Meal Pass, Gift Pass and Mobility Pass benefits for employees to in-home assistance, child care centers and concierge services. Sodexo's success and performance are founded on its independence, its sustainable business model and its ability to continuously develop and engage its 425,000 employees throughout the world.
Sodexo is a member of the CAC 40 and DJSI indices.
Key figures (as of August 31, 2016)
20.2 billion euro in consolidated revenues
19th largest employer worldwide
75 million consumers served daily
18,2 billion euro in market capitalization (as of June 19, 2017)
ContactsSodexo reduces capital by cancelling treasury stock
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Source: Sodexo via Globenewswire