Completion Of Accor's Share Buyback Programme
Accor announce today the completion of its share buyback programme launched on January 20, 2020 for an amount of EUR300m. At completion, the Group acquired 10,175,309 shares at an average price of EUR29.48. In order to preserve liquidity, further share buyback programmes are suspended until further notice.
In parallel, in the current context of uncertainties and the acceleration of the coronavirus (Covid-19) pandemic across the world, the Board of Directors of Accor has decided to reschedule the Annual General Meeting initially planned on April 30, 2020, to June 30, 2020, at 10:00 am, in the Sequana Tower located 82 rue Henri Farman, in Issy-les-Moulineaux (92130), France.
Finally, Accor announces the liquidity contract, signed with Rothschild Martin Maurel, which was suspended since March 3, 2019, has been resumed as of today.
Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. The Group has been acquiring hospitality expertise for more than 50 years, resulting in an unrivaled portfolio of brands, from luxury to economy, supported by one of the most attractive loyalty programs in the world.
Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, wellbeing, and co-working. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience.
Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 - Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training.
Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. For more information visit accor.com, or become a fan and follow us on Twitter and Facebook.