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You are on Sodexo's corporate website. For local information please select your country from above. In 2008, the Group has changed its name from Sodexho Alliance to "Sodexo". The Group also is rejuvenating its virtual identity including a simpler, more modern design of its logo.
Result of the simplified tender offer proposed by Sodexo to the market
6/10/2008
Sodexo proposed a simplified tender offer ("OPAS") to the market and has repurchased approximately 1.7 million shares for an amount of nearly 71 million euro.
Paris, June 9, 2008 - Sodexo proposed a simplified tender offer ("OPAS") to the market, allowing investors to benefit from the Group's strong cash flow generation through the repurchase of their shares at a price which included a substantial premium of approximately 15%, as validated by an independent expert, over the stock price at the time of the announcement.
As a result of this operation, Sodexo has repurchased approximately 1.7 million shares for an amount of nearly 71 million euro.
As announced, these shares will be cancelled. Sodexo is pleased that its model is appreciated and understood by investors, as shown by the strong performance of its share price.
Sodexo will pursue its objective to have shareholders participate in the growth in its results. In this framework, the program to repurchase shares in the market as approved by shareholders on January 22, 2008 will be continued until the next Annual Meeting with the objective of cancelling the shares purchased and under financial conditions that are in the interest of the Group and its shareholders.
Download the press release in PDF (30 Kb)
About SODEXO
SODEXO, founded in 1966 by Pierre Bellon, a world leader in Food and Facilities Management services, with more than 342,380 employees on 29,000 sites in 80 countries. For Fiscal 2007, which closed August 31, 2007, SODEXO had revenues of 13.4 billion euro. Listed on Euronext Paris, the Group's current market capitalization is 7.1 billion euro.
