Sodexo - Disclosure of transactions in own shares carried out from November 11 to November 15, 2024
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Sodexo disclosed that it purchased treasury shares from November 11 to November 15, 2024, as part of its share buyback program. These shares were acquired to fulfill obligations related to free shares award plans.
November 19, 2024 | 5:15 pm
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POSITIVE IMPACT
Sodexo's purchase of treasury shares is part of its buyback program to meet obligations for free shares award plans. This action may support the stock price by reducing the number of shares available in the market.
The buyback of shares typically reduces the supply of shares in the market, which can lead to an increase in the stock price if demand remains constant. This action is part of a planned program, indicating a strategic move to manage equity and fulfill share award obligations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80