Sodexho Alliance, a global leader in food and management services with operations in 72 countries, is now listed on the New York Stock Exchange (NYSE).
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Shares of Sodexho will be traded in the form of American Depositary Shares (ADS) with one ADS representing one Sodexho ordinary share. The ADSs will trade under the ticker symbol SDX. No Sodexho shares will be issued in connection with the listing.
Senior management of Sodexho including Pierre Bellon, chairman, Albert George, directeur general delegue, Sian Herbert-Jones, CFO, Michel Landel, US CEO and members of the executive committee are in New York to mark the company’s listing on the board.
Commenting on the listing, Bellon stated: “Today marks another important milestone in the long and successful history of Sodexho Alliance.
“The US is the largest food and management services market in the world; Sodexho is the North American leader in food and management services; The US represents 50% of group revenues and 38% of our employees.
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By GlobalData“Our main objectives in listing our shares on the NYSE are to enhance our reputation in our main market and to motivate our US team members by providing them the opportunity to become shareholders and thereby participate more directly in the growth of the group as the whole.”
