Sodexo's Recent Stock Transactions: Overview and Key Details
Disclosure of Recent Stock Transactions by Sodexo
In a recent update, Sodexo has disclosed its transactions regarding the purchase of treasury shares that took place in September. The purchases were made as part of the company’s ongoing buyback program, which was approved by shareholders during a meeting held in December of the previous year.
Overview of Transactions
The share buyback program is aimed at fulfilling obligations associated with the company’s free shares award plans. This strategic decision aligns with Sodexo's commitment to maintaining a strong financial standing while supporting its employees and stakeholders.
Summary of Share Purchases
Here is a detailed summary of the recent share purchases conducted by Sodexo:
The transactions recorded in these days indicate a calculated effort to manage share commitments efficiently. The trading days noted show various transactions across different markets, with an accumulation of shares and a focus on maintaining a competitive market price.
Key Transactions on September 12 and 13
During the specified trading days, several notable transactions took place:
- September 12: The acquisition involved 33,251 shares priced at an average of 78.4187 euros, executed on the Paris Stock Exchange (XPAR).
- Later on the same day, an additional 16,178 shares were acquired for an average price of 78.387 euros at CEUX.
- Continuing this trend, another 2,500 shares were bought at 78.4349 euros on the TQEX.
- Subsequently, there were minor acquisitions maintaining a stable market presence.
- September 13: The company purchased 31,416 shares at 77.1978 euros on the XPAR and secured further 15,000 shares at 77.2557 euros on CEUX.
- Lastly, 2,500 shares were bought at an average of 77.2955 euros on TQEX, concluding the transactions for these dates.
In total, these transactions resulted in the purchase of 105,845 shares at an average price of 77.8340 euros, clearly demonstrating Sodexo's active engagement in managing its share capital efficiently.
Company Overview and Commitment
Sodexo, founded in 1966, is well-recognized as the global leader in sustainable food and managed services. Based on a strong commitment to enhancing daily life and fostering social responsibility, Sodexo operates globally, serving millions daily while prioritizing employee and consumer well-being.
The company continues to innovate and adapt its services across over 45 countries, reaching approximately 80 million consumers per day. This robust operational framework underscores their role in promoting economic, social, and environmental stewardship.
Sodexo's Achievements and Presence
Sodexo is listed on multiple prestigious indices, reflecting its standard of excellence within the industry. Its presence in CAC Next 20 and other renowned stock market indices highlights its reliability and commitment to sustainable growth.
Key Figures of Sodexo
The following key figures illustrate Sodexo's substantial impact and operational success:
- Consolidated revenues reached 22.6 billion euros in the fiscal year 2023.
- The company employs approximately 430,000 individuals as of late August 2023, making it a key employer in private sectors.
- With a market capitalization of around 12.6 billion euros as of mid-2024, Sodexo remains a formidable player within the market.
Through focusing on sustainable practices, employee well-being, and social responsibility, Sodexo is set to continue contributing positively and actively to the communities it serves.
Frequently Asked Questions
What is Sodexo's primary business focus?
Sodexo primarily focuses on providing food and facilities management services globally.
Why did Sodexo undertake a share buyback program?
The share buyback program is aimed at fulfilling obligations related to share award plans and strengthening its financial position.
How many shares were bought during the recent transactions?
In total, 105,845 shares were purchased between September 12 and 13, 2024.
What were the average purchase prices of the shares?
The average purchase price for the shares acquired during the specified dates was approximately 77.8340 euros.
Where can I find more information about Sodexo's transactions?
More detailed information regarding these transactions can be found on the official Sodexo website.
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