A long-term vision ensured through founding family shareholding
Sodexo’s independence is ensured through the shareholding of the family of Pierre Bellon, founder of the Company. This family-held control guarantees a long-term vision and is one of the keys to Sodexo’s success. As of August 31, 2023, Bellon SA held 42.8% of Sodexo’s capital and 57.9% of the exercisable voting rights.
In June 2015, Mr. and Mrs. Pierre Bellon and their children entered into a 50-year agreement, which prevents the direct descendants of Sodexo’s founder from freely disposing of their shares in Bellon SA. Bellon SA does not intend to sell its shareholding in Sodexo to third parties.
Since the creation of Bellon SA, the sustained commitment to developing a successful offering, nurturing lasting client relationships and building a truly international organization reflects this vision.
To ensure this independence, a service agreement was concluded in 1991 between Sodexo and Bellon SA, renewed at the Shareholders Meeting on December 14, 2021, for a five-year period, to consolidate the position of Bellon SA as the Group’s managing holding company.
CAPITAL STRUCTURE
This diagram shows the capital structure as of August 31, 2023.
The capital of Sodexo is held at:
42.8% by BELLON SA Holding Familiale
1.5% by employees
0.7% by Treasury shares
55% by the Public including 51.0% institutional shareholders and 4.0% individual shareholders.
Sodexo holds 100% of the capital of Sofinsod which holds 19.6% of the capital of BELLON SA family Holding Company.
DISTRIBUTION OF EXERCISABLE VOTING RIGHTS
This diagram shows the distribution of exercisable voting rights as of August 31, 2023.
BELLON SA: 57.9%
Public: 40.3%
Employees: 1.7%