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01 02 03 04 05 06 07 08 09 10 11 12 13 14 144 06 Consolidated information Notes to the Consolidated Financial Statements The exercise prices and exercise period for options outstanding as of August 31, 2011 are provided in the table below: date of grant Sodexo Registration Document Fiscal 2011 Start date of exercise period expiration date of exercise period exercise price Number of options outstanding as of August 31, 2011 January 2006 January 2007 January 2012 34.83 euro 245,033 January 2007 January 2008 January 2013 47.82 euro 411,420 January 2007 January 2008 January 2014 47.82 euro 401,614 April 2007 April 2008 April 2013 55.36 euro 1,602 April 2007 April 2008 April 2014 55.36 euro 20,014 September 2007 September 2008 September 2013 47.17 euro 25,017 January 2008 January 2009 January 2015 42.27 euro 274,720 January 2008 January 2009 January 2014 42.27 euro 312,496 September 2008 September 2009 September 2015 45.56 euro 15,000 September 2008 September 2009 September 2014 45.56 euro 7,500 January 2009 January 2010 January 2016 39.40 euro 592,987 January 2009 January 2010 January 2015 39.40 euro 813,536 January 2010 January 2011 January 2017 39.88 euro 629,013 January 2010 January 2011 January 2016 39.88 euro 973,686 December 2010 December 2011 December 2017 48.37 euro 682,800 December 2010 December 2011 December 2016 48.37 euro 1,032,600 ToTAL 6,439,038 4.23.4 Plans awarded following the acquisition of Sodexho Marriott Services The Group committed to delivering 3,044,394 Sodexho Alliance shares to Sodexho, Inc. employees at an average price of 29.01 U.S. dollars per share under stock option plans assumed in connection with the June 2001 acquisition of 53% of the capital of Sodexho Marriott Services, Inc. As of August 31, 2011, 11,415 of these shares were still deliverable. All of these remaining options are exercisable prior to November 2012. These option plans are not recognized under IFRS 2 because they were granted prior to the effective date of IFRS 2 in November 2002 and because the rights under the plans vested prior to January 1, 2005. The table below provides the quantity, weighted average exercise price (WAP) and movements of these stock options during the year. August 31, 2011 August 31, 2010 Number WAP ($) Number WAP ($) outstanding at the beginning of the period Granted during the period 81,895 28.98 213,669 26.31 Forfeited during the period (520) 28.14 1,244 33.41 Exercised during the period (69,960) (1) 28.82 (129,102) (2) 24.81 Expired during the period (3,916) 22.32 Outstanding at the end of the period 11,415 29.99 81,895 28.98 exercisable at the end of the period 11,415 29.99 81,895 28.98 (1) The weighted average share price at the exercise date of options exercised in the period was USD 65.32. (2) The weighted average share price at the exercise date of options exercised in the period was USD 58.65. P ◀ CONTENTS ▶
P ◀ CONTENTS ▶ Consolidated information 06 Notes to the Consolidated Financial Statements The table below gives the exercise price of options outstanding as of August 31, 2011: date of grant exercise price (USD) Number of options outstanding as of August 31, 2011 November 6, 1997 29.99 11,415 4.24 Business combinations There were no material acquisitions in either Fiscal 2010 or Fiscal 2011. 4.25 Commitments and contingencies 4.25.1 Sureties Commitments arising from surety arrangements (pledges, charges secured against plant and equipment, and real estate mortgages) contracted by Sodexo SA and its subsidiaries in connection with operating activities during Fiscal 2011 are immaterial. 4.25.2 operating lease commitments Outstanding commitments arising in respect of operating leases are as follows: (in millions of euro) August 31, 2011 August 31, 2010 Less than 1 year 127 123 1 to 5 years 268 252 More than 5 years 104 109 ToTAL 499 484 These commitments arise under a large number of contracts worldwide, the terms of which are negotiated locally. They relate primarily to: • equipment on sites, office equipment and vehicles for 138 million euro, compared to 120 million euro for Fiscal 2010; • the rent for office premises of 340 million euro, compared to 337 million euro for Fiscal 2010. The 12-year leases signed on October 19, 2006 in connection with the relocation of the corporate headquarters to Issy-les-Moulineaux in 2008 increased operating lease commitments for office premises by 45 million euro. The leases and lease renewals signed by Sodexo France and Sodexo, Inc. for their office premises represent operating lease commitments of 35 million euro and 26.1 million euro respectively. Sodexo Registration Document Fiscal 2011 145 01 02 03 04 05 06 07 08 09 10 11 12 13 14
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Fiscal 2011 Registration Document
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Registration Document Fiscal 2011 T
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P ◀ CONTENTS ▶ Message from Mic
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P ◀ CONTENTS ▶ History 01 01 Ou
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P ◀ CONTENTS ▶ The Fundamental
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P ◀ CONTENTS ▶ OUR MISSION Our
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P ◀ CONTENTS ▶ ‡ Our ambition
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P ◀ CONTENTS ▶ Titre Our Group
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P ◀ CONTENTS ▶ SODEXO HAS THREE
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P ◀ CONTENTS ▶ OUR AWARDS Sodex
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P ◀ CONTENTS ▶ 2. EMPLOYEES AND
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P ◀ CONTENTS ▶ DIVIDENDS PAID O
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P ◀ CONTENTS ▶ Titre Quality 1
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P ◀ CONTENTS ▶ Quality of Life
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P ◀ CONTENTS ▶ diverse data sou
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P ◀ CONTENTS ▶ commitments unde
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P ◀ CONTENTS ▶ The high economi
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P ◀ CONTENTS ▶ Democratic Repub
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P ◀ CONTENTS ▶ 5.3 Achievements
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P ◀ CONTENTS ▶ 6.2 Market trend
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P ◀ CONTENTS ▶ 8. EDUCATION 21.
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P ◀ CONTENTS ▶ Liceo Franco Arg
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P ◀ CONTENTS ▶ Quality of Life
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P ◀ CONTENTS ▶ themselves, enha
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P ◀ CONTENTS ▶ 4. PUBLIC BENEFI
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P ◀ CONTENTS ▶ Development of n
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P ◀ CONTENTS ▶ Economic and Soc
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P ◀ CONTENTS ▶ On the strength
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P ◀ CONTENTS ▶ Non-site manager
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P ◀ CONTENTS ▶ 2.2.8 Social and
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P ◀ CONTENTS ▶ 3. EMPLOYMENT IN
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P ◀ CONTENTS ▶ The Better Tomor
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P ◀ CONTENTS ▶ 2. WE DO The Bet
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P ◀ CONTENTS ▶ 2.2 Supporting L
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P ◀ CONTENTS ▶ chemical sourcin
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P ◀ CONTENTS ▶ EXAMPLES OF A BE
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P ◀ CONTENTS ▶ Titre Consolidat
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P ◀ CONTENTS ▶ 1.2 Operating pr
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P ◀ CONTENTS ▶ 2. FISCAL 2011 F
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P ◀ CONTENTS ▶ 2.2.2 Currency e
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P ◀ CONTENTS ▶ Partnership to b
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P ◀ CONTENTS ▶ 2.2.4 Motivation
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P ◀ CONTENTS ▶ Net cash used in
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P ◀ CONTENTS ▶ In the medium te
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P ◀ CONTENTS ▶ Consolidated inf
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P ◀ CONTENTS ▶ LIABILITIES AND
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P ◀ CONTENTS ▶ Information on t
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P ◀ CONTENTS ▶ (in euro) employ
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P ◀ CONTENTS ▶ Titre Legal 1Inf
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P ◀ CONTENTS ▶ 1.6 Registration
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P ◀ CONTENTS ▶ Legal Informatio
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P ◀ CONTENTS ▶ 2.4.2 Share owne
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P ◀ CONTENTS ▶ 2.5.2 Internatio
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P ◀ CONTENTS ▶ 2.3 Publication
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P ◀ CONTENTS ▶ ADJUSTED SODEXO
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P ◀ CONTENTS ▶ ‡ Capital 1. S
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P ◀ CONTENTS ▶ 3. STOCK MARKET
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P ◀ CONTENTS ▶ Titre Corporate
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P ◀ CONTENTS ▶ 1.1 Composition
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P ◀ CONTENTS ▶ • Board Member
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P ◀ CONTENTS ▶ Other positions
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P ◀ CONTENTS ▶ Peter Thompson B
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P ◀ CONTENTS ▶ 2.3 Mission of t
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P ◀ CONTENTS ▶ The Audit Commit
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P ◀ CONTENTS ▶ Board has begun
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P ◀ CONTENTS ▶ Executive Commit
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P ◀ CONTENTS ▶ 3.8.1 The risk i
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P ◀ CONTENTS ▶ Corporate Govern
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P ◀ CONTENTS ▶ Corporate Govern
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P ◀ CONTENTS ▶ ‡ Compensation
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P ◀ CONTENTS ▶ SUMMARY OF COMPE
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P ◀ CONTENTS ▶ 2. COMPENSATION
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P ◀ CONTENTS ▶ Total compensati
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P ◀ CONTENTS ▶ expiration date
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P ◀ CONTENTS ▶ exercise price (
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P ◀ CONTENTS ▶ Name date of Boa
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P ◀ CONTENTS ▶ ‡ Audit fees (
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P ◀ CONTENTS ▶ Combined Annual
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P ◀ CONTENTS ▶ It is therefore
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P ◀ CONTENTS ▶ trading sessions
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P ◀ CONTENTS ▶ Titre Glossary 1
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P ◀ CONTENTS ▶ Intensity risk R
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P ◀ CONTENTS ▶ Responsibility f
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P ◀ CONTENTS ▶ Titre Reconcilia
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P ◀ CONTENTS ▶ Reconciliation t
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PEFC/10-31-1190 FCBA/08-00860A Publ
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