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Accor — AGM Information 2014
Jun 4, 2014
1066_iss_2014-06-04_ae20c0cc-d722-43c1-8bb9-a85972837819.pdf
AGM Information
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Press release June 4, 2014
Two thirds of shareholders elect to reinvest 50% of their 2013 dividend in shares
The Shareholders' Meeting which was held on April 29, 2014 decided to pay a dividend of 0.80 euro per share, with each shareholder given the option of reinvesting 50% of the dividend in shares at a price of 31.73 euros, taking into account a 10% discount. The dividend was paid today, Wednesday June 4.
Shareholders who elected to reinvest 50% of their dividend in new shares hold more than 66% of the Company's capital on aggregate, which is an expression of their confidence in Accor's strategy and prospects. The stock dividend involved the issue of 1,895,293 news shares, representing 0.83% of the Company's capital. These shares carry dividend rights from January 1, 2014.
The cash dividend paid today represents a cash payment of around 123 million euros.
| SOFITEL pullman (X) GRANDMERCURE NOVOTEL SurfeNOVOTEL Mercure adagio ibis ibis ibis ibis hotel | ||||||||||||
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Accor, the world's leading hotel operator, offers its guests and partners the dual expertise of a hotel operator and brand franchisor (HotelServices) and a hotel owner and investor (HotelInvest) with the objective of ensuring lasting growth and harmonious development for the benefit of the greater number.
With around 3,600 hotels and 460,000 rooms, Accor welcomes business and leisure travelers in 92 countries across all hotel segments: luxury-upscale with Sofitel, Pullman, MGallery, and Grand Mercure, midscale with Novotel, Suite Novotel, Mercure and Adagio and economy with ibis, ibis Styles, ibis budget and hotelF1. The Group boasts a powerful digital ecosystem, notably its booking portal accorhotels.com, its brand websites and its loyalty program Le Club Accorhotels.
As the world's top hospitality school, Accor is committed to developing the talents of its 170,000 employees in Accor brand hotels. They are the daily ambassadors of the culture of service and innovation that has driven the Group for over 45 years.
Follow news on Accor: Book a hotel: @accor | www.accor.com www.accorhotels.com
Charlotte Bourgeois-Cleary Vice President Media Relations Phone: +33 (0)1 45 38 84 84
Delphine Dumonceau Media Relations Phone: +33 (0)1 45 38 84 95
MEDIA RELATIONS INVESTOR AND ANALYST RELATIONS
Sébastien Valentin
Senior Vice President Investor Relations and Financial Communication Phone: +33 (0)1 45 38 86 25
Marie Niel Investor Relations Phone: +33 (0)1 45 38 86 94