1.1 Profile
Long-term vision ensured through founding family shareholdingSodexo’s independence is ensured through the shareholding of Bellon family members. This family-held control guarantees a long-term vision and is key to Sodexo’s success. As of August 31, 2022, Bellon SA held 42.8% of Sodexo’s capital and 57.5% 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. The sole asset of Bellon SA is its holding in Sodexo shares and Bellon SA does not intend to sell this shareholding to third parties.
This independence enables the Company to sustain its values, focus on a long-term strategy and ensure long-term sustainability.
Since the creation of Bellon SA, the sustained commitment to building a truly international organization, nurturing lasting client relationships and developing a successful integrated offering has reflected 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 5-year period, to consolidate the position of Bellon SA as the Group’s managing holding company.
Capital structure
As of August 31, 2022
This chart shows the capital structure as of 31 August 2022.
The capital of Sodexo is held at:
- 42.8% by BELLON SA family Holding Company
- 1.7% by employees
- 0.6% by Treasury Shares
- 54.9% by the Public including 51.4% institutional shareholders and 3.5% 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
As of August 31, 2022
This diagram shows the distribution of exercisable voting rights as of August 31, 2022
- Bellon SA 57.5%
- Public 40.6% and
- Employees 1.9%