Sodexo S.A. agreed to Spin-Off unknown stake in Sodexo Benefits & Rewards Services on April 5, 2023. Sodexo will distribute BRS shares to Sodexo shareholders. As of June 30, 2023, The Benefits & Rewards Services activities now have a new name. Pluxee is the new commercial brand name as well as the name of the future listed company. Transaction is subject to shareholders approval and expected to take place during 2024. As of October 26, 2023, spin-off expected to be closed by early 2024. As of December 20, 2023, Shareholders Meeting is scheduled to be held on January 30, 2024. As of January 30, 2024, Sodexo shareholders approved the transaction. As of February 1, 2024, the spin off record date is February 2, 2024, and is expected to close on February 5, 2024. Post transaction, The Bellon family will hold approximately 42.8% of the outstanding ordinary shares.

Lazard, Inc. (NYSE:LAZ), De Brauw Blackstone Westbroek N.V., BNP Paribas SA (ENXTPA:BNP), Citigroup Global Markets Europe AG, J.P. Morgan & Cie S.A.S., Société Générale, The Goldman Sachs Group, Inc., Natixis SA, White & Case LLP (Paris), NautaDutilh N.V., Darrois Villey Maillot Brochier, Lazard, Inc. acted as advisors to Sodexo S.A.

Sodexo S.A. completed the Spin-Off of unknown stake in Sodexo Benefits & Rewards Services on February 5, 2024.