Universal Registration Document Fiscal 2025

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 ensures a long-term vision and is one of the keys to Sodexo’s success. As of August 31, 2025, Bellon SA held 43.8% of Sodexo’s capital and 58.8% of the exercisable voting rights.

In June 2015, Mr. and Mrs. Pierre Bellon and their children entered into a 50-year agreement that 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.

Sodexo’s sustained commitment to developing a successful offering, nurturing lasting client relationships and building a truly international organization reflects Bellon SA’s long-term vision.

To ensure this independence, a service agreement was concluded in 1991 between Sodexo and Bellon SA, and its last renewal was approved 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.