Fiscal 2022 Universal Registration Document

Note 12. Treasury shares

5.2 Notes to the individual Company financial statements

Note 12. Treasury shares

NOTE 12. TREASURY SHARES

MOVEMENTS IN TREASURY SHARES DURING THE FISCAL YEAR

  MARKETABLE SECURITIES OTHER FINANCIAL ASSETS
Number of shares held Number of shares heldMARKETABLE SECURITIES

 

Number of shares heldOTHER FINANCIAL ASSETS

 

September 1, 2021

September 1, 2021

MARKETABLE SECURITIES

1,166,593

September 1, 2021

OTHER FINANCIAL ASSETS

  • Acquisitions
  • Acquisitions
MARKETABLE SECURITIES

2,332,598

  • Acquisitions
OTHER FINANCIAL ASSETS

  • Disposals
  • Disposals
MARKETABLE SECURITIES

(2,658,089)

  • Disposals
OTHER FINANCIAL ASSETS

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

MARKETABLE SECURITIES

 

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

OTHER FINANCIAL ASSETS

Allocation as treasury shares held for cancellation

Allocation as treasury shares held for cancellation

MARKETABLE SECURITIES

Allocation as treasury shares held for cancellation

OTHER FINANCIAL ASSETS

August 31, 2022

August 31, 2022

MARKETABLE SECURITIES

841,102

August 31, 2022

OTHER FINANCIAL ASSETS

Gross value of shares held (in million euros) Gross value of shares held

(in million euros)

MARKETABLE SECURITIES

 

Gross value of shares held

(in million euros)

OTHER FINANCIAL ASSETS

 

September 1, 2021

September 1, 2021

MARKETABLE SECURITIES

108

September 1, 2021

OTHER FINANCIAL ASSETS

  • Acquisitions
  • Acquisitions
MARKETABLE SECURITIES

174

  • Acquisitions
OTHER FINANCIAL ASSETS

  • Disposals
  • Disposals
MARKETABLE SECURITIES

(208)

  • Disposals
OTHER FINANCIAL ASSETS

 

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

MARKETABLE SECURITIES

 

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

OTHER FINANCIAL ASSETS

Allocation as treasury shares held for cancellation

Allocation as treasury shares held for cancellation

MARKETABLE SECURITIES

Allocation as treasury shares held for cancellation

OTHER FINANCIAL ASSETS

August 31, 2022

August 31, 2022

MARKETABLE SECURITIES

74

August 31, 2022

OTHER FINANCIAL ASSETS

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Acquisitions and disposals include the implementation of the liquidity contract signed with an investment services provider, which complies with the decision 2021-01 of the French securities regulator (Autorité des marchés financiers – AMF), for the purpose of improving the liquidity of Sodexo shares and the regularity of the quotations.

Disposals of treasury shares also include those resulting from the delivery of restricted shares granted to employees in prior years.

NOTE 13. SHAREHOLDERS’ EQUITY

13.1 Share capital

As of August 31, 2022, the Company’s share capital totaled 589,819,548 euros and comprised 147,454,887 shares, including 70,217,797with double voting rights.

Since Fiscal 2013, all shares held in registered form for at least four years and still held in that form when the dividend becomes payable for the related fiscal year, qualify for a 10% dividend premium, limited to 0.5% of the capital per shareholder.

13.2 Changes in shareholders’ equity
(in million euros)  
Shareholders’ equity at end of previous fiscal year

Shareholders’ equity at end of previous fiscal year

 

2,796

Dividends approved by Shareholders Meeting and paid

Dividends approved by Shareholders Meeting and paid

 

(296)

Dividends on treasury shares

Dividends on treasury shares

 

2

Net income for the fiscal year

Net income for the fiscal year

 

321

Restricted provisions

Restricted provisions

 

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

Cancellation of treasury shares leading to a reduction in capital and additional paid-in capital

 

Other – Premiums/discounts on currency forwards

Other – Premiums/discounts on currency forwards

 

(1)

SHAREHOLDERS’ EQUITY AT END OF FISCAL YEAR SHAREHOLDERS’ EQUITY AT END OF FISCAL YEAR

 

2,822

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In accordance with article L.225-210 of the French Commercial Code, Sodexo has reserves in addition to the legal reserve at least equal to the value of treasury shares held.